On its surface, the bill is simple. It's designed to make the Director of National Intelligence, who serves under the president, create a comprehensive annual report on what sophisticated foreign groups hack U.S. companies and what trade secrets they come away with. Companies that make this new list of cyber thieves could have their products blocked from entering the U.S..
The Deter Cyber Theft Act is particularly keen on "foreign economic and industrial espionage," which should come as no surprise to anyone following Congress's seemingly endless debate on how the nation should address cybersecurity. In recent months, more and more reports have claimed that a few countries—and China's always the big one—regularly hack U.S. targets to steal industrial trade secrets. In Washington's mentality, this means that hacking for corporate info and using computers to attack the U.S. economy are one and the same.
An anonymous reader writes: The Deter Cyber Theft Act, the Senate's first attempt at a cybersecurity bill since it declined to take up CISPA, has been introduced by Sens. Carl Levin (D-Mich.) , Jay Rockefeller (D-W.Va.), and John McCain (R-Ariz.):