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China's Ministry of Industry and Information Technology (MIIT) has developed a draft contingency plan for assessing the intensity of a cyber incident and acting on it accordingly to address the growing concerns related to cyber breaches and data security.
The plan proposes a four-tier classification of data security incidents, adopting a colour-coded system to reflect the degree of harm inflicted upon national security, the economy or a company's information network.
As per this plan, an incident will be issued a red warning and classified 'especially grave' if it involves losses of more than
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