(Bloomberg) — The U.S. and China announced agreement on broadanti-hacking principles aimed at stopping the theft of corporatetrade secrets though President Barack Obama pointedly said he hasnot ruled out invoking sanctions for violators.
After a morning of meetings with Chinese President Xi Jinping,Obama said the two governments pledged they won't condone hackingto steal commercial secrets, a first step toward resolving one ofthe biggest disputes between the two countries.
"I raised once again our growing concern about cyberthreats,"Obama said during a joint White House news conference with Xi. "Iindicated it has to stop."
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
