Personal financial information protection in China is facing great difficulties which manifests as a dispersion of legislation and low practical operability. Financial information legal system should be systematized and unified based on the current state of protection of personal financial information, in order to reduce the difficulties of judgment and enforcement of financial information infringement cases. Also a unified standard of compensation for damages (including spiritual damage compensation) should be established. Secondly, we should improve government supervision and determine a division of functions of different regulatory body, ensuring the efficiency of supervision and improving the effectiveness of government supervision. Finally, specialized financial information protection department should be established within financial institutions. We also should provide better education, training and warnings to our internal staff to protect personal financial information at source.

Wenjia Yu. Legal Thoughts of Personal Financial Information Security in the Digital Economy. Academic Journal of Humanities & Social Sciences (2023) Vol. 6, Issue 11: 109-114. https://doi.org/10.25236/AJHSS.2023.061117.

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