1. Senator Proposes “Watch List” for Cyber Theft of Trade Secrets

    The Chairman of the Senate Armed Services Committee wants to step up the fight against cyber theft of trade secrets, writes attorney Robert Isackson at Orrick:

    “On May 7, 2013, Senator Carl Levin (D-Michigan) introduced a bill (S. 884) that would establish a ‘watch list’ and a ‘priority watch list’ of countries that facilitate or engage in cyber theft of trade secrets from the United States.

    Called the ‘Deter Cyber Theft Act,’ the bill would require the Director of National Intelligence (DNI) to develop and maintain watch lists of foreign countries ‘that engage in economic or industrial espionage in cyberspace with respect to United States trade secrets or proprietary information,’ and provide a report of these lists annually to the appropriate congressional committees.  By identifying the DNI as point person, Levin is making a strong statement that he regards trade secret theft via computers as a major national security threat: the DNI post was established as a response to the September 11 attacks, and the DNI’s job is to integrate the federal government’s intelligence-gathering and analysis across all agencies. The DNI is also the principal intelligence advisor to the President.”

    Read the full update, Trade Secret “Watch List”: Bill Would Establish Monitoring List Of Countries Engaging In Cybertheft, And Make U.S. Intelligence Czar The Point Person – Orrick»