via Hillicon Valley
Sens. Kirsten Gillibrand (D-N.Y.) and Orrin Hatch (R-Utah) introduced a bill Tuesday aimed at holding foreign nations accountable for failing to combat cybercrimes directed at the U.S. The International Cybercrime and Reporting Act would require the president to prepare an annual report on the sources of cyberattacks on the U.S. and countries’ attempts to combat such attacks.
Under the bill, countries cited as cyber concerns would be eligible for U.S. assistance programs aimed at cybercrime, but a failure to respond to attacks could result in the U.S. witholding financing, foreign assistance or preferential trade status. The bill would also deploy cybercrime experts to U.S. embassies and make the issue a key consideration for the president before entering into trade agreements. The legislation is one of a number of cybersecurity bills currently in front of Congress; negotiations on comprehensive legislation are expected to pick up in earnest this fall.