Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Tracking & Law Enforcement

US Bill Would Deny Visas, Freeze Assets of Hackers

WASHINGTON – A group of lawmakers proposed legislation Thursday that would deny US entry and freeze the assets of foreign nationals involved in hacking or cybercrimes targeting the United States.

WASHINGTON – A group of lawmakers proposed legislation Thursday that would deny US entry and freeze the assets of foreign nationals involved in hacking or cybercrimes targeting the United States.

The Cyber Economic Espionage Accountability Act calls US authorities “to bring more economic espionage criminal cases against offending foreign actors,” the lawmakers said in a statement.

The bill would also ban foreigners participating in cyber crimes from getting visas to enter the United States. If they are US residents, their visa would be revoked and their financial assets frozen under the proposal.

“This is a vital step to let China know that there are real consequences to stealing American intellectual property and robbing US ingenuity and innovation in order to gain competitive advantage,” said Representative Mike Rogers, one of the sponsors.

“It’s happening at an alarming rate. It is one of my top national security concerns,” said Rogers, who chairs the House Intelligence Committee.

The announcement came on the eve of President Barack Obama’s first summit with new Chinese President Xi Jinping at a secluded California retreat.

The meeting in the desert oasis will focus on testy issues between Washington and Beijing — great power rivalry, claims of cyber spying, trade and currency disputes and North Korea’s dangerous nuclear poker.

Advertisement. Scroll to continue reading.

“This bill will give the president and Congress the power and oversight to deal with foreign cyber espionage in a meaningful way,” said Representative Tim Ryan, another sponsor.

“We need to ensure that countries like China and Russia no longer gain a competitive advantage through cyber crimes.”

Senator Ron Johnson, who also backed the bill said it would help “enforce penalties for those bad actors,” and added that he encourages Obama “to make this a topic of discussion with Chinese President Xi Jinping tomorrow.”

Written By

AFP 2023

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

SecurityWeek’s Threat Detection and Incident Response Summit brings together security practitioners from around the world to share war stories on breaches, APT attacks and threat intelligence.

Register

Securityweek’s CISO Forum will address issues and challenges that are top of mind for today’s security leaders and what the future looks like as chief defenders of the enterprise.

Register

Expert Insights

Related Content

Cybercrime

No one combatting cybercrime knows everything, but everyone in the battle has some intelligence to contribute to the larger knowledge base.

Cybercrime

The FBI dismantled the network of the prolific Hive ransomware gang and seized infrastructure in Los Angeles that was used for the operation.

Ransomware

The Hive ransomware website has been seized as part of an operation that involved law enforcement in 10 countries.

Cybercrime

Spanish Court agreed to extradite Joseph James O’Connor to he U.S., who allegedly took part in the July 2020 hacking of Twitter accounts of...

Ransomware

US government reminds the public that a reward of up to $10 million is offered for information on cybercriminals, including members of the Hive...

Privacy

Employees of Chinese tech giant ByteDance improperly accessed data from social media platform TikTok to track journalists in a bid to identify the source...

Cybercrime

A hacker who reportedly posed as the CEO of a financial institution claims to have obtained access to the more than 80,000-member database of...

Application Security

Virtualization technology giant Citrix on Tuesday scrambled out an emergency patch to cover a zero-day flaw in its networking product line and warned that...