Sanctions Seen by Commission as Deterring China Theft

The U.S. should consider new laws to let American companies better defend themselves against cyberattacks from Chinese-based hackers, said a commission led by two former advisers to President Barack Obama.

The Treasury Department should be empowered to deny access to the U.S. banking system to companies from China and other countries that benefit from stolen data, and sanctions could be imposed on those found to benefit from theft, the commission said in a report released today.