Lawmakers take aim at cyberespionage with new bill

05/8/2013 | Reuters · National Public Radio · ZDNet

A bipartisan group of senators has introduced legislation to address the theft of proprietary information from U.S. companies in an effort to stanch what one top U.S. official has called the "greatest transfer of wealth in history." According to its sponsors, the Deter Cyber Theft Act would identify companies and governments that engage in cyberespionage and require the president to impose penalties through trade barriers. Studies show the problem is especially acute in China, where a quarter of U.S. businesses report experiencing data theft.

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