Cyberattacks have become a global epidemic. Cybercrime damages will cost the world $6 trillion annually by 2021. New regulations across Europe, Asia, the UK, and the US are being implemented to ensure proper security measures are in place to protect valuable data. Financial services institutions that do business in China need to understand and implement necessary cybersecurity measures, as well as the control and restrictions the government places on Chinese data. The EUs General Data Protection Regulations (GDPR) will take effect on May 25, 2018. Financial services firms will also have to be aware of new cybersecurity regulations and how they affect their business.”]