The 360 Enterprise Security Group said it found security loopholes in over half of the one million websites in Beijing. On a daily basis, over 9.55 million malware are detected and blocked from PC users.
The global average of security spending in IT is about 3.7 percent of the total IT spending, but the Chinese average is only 1.1 percent, Qi said.
Insufficient investment in cybersecurity may lead to serious consequences, said Tong Liqiang, also a member of the committee and former director of the Beijing cyber information office.
"A full-fledged internet security shield is still not yet in place, but it is needed to service the development of the IT industry, tackle the security challenges and meet the public demand," said Tong.
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