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US-China trade group wants action on cyber threats

Written by James Delahunty (Google+) @ 05 Feb 2013 16:19

US-China trade group wants action on cyber threats Trade group urges cooperation.
The U.S.-China Business Council, which represents 230 U.S. companies that have varying interests in China, is urging the U.S. Government and Beijing to cooperate against cyber attacks. The group warns that such high-profile attacks can undermine the trade relationship between both countries, with possible devastating economic consequences.

"We would simply say it's time for the governments to work on it," John Frisbie, president of the trade group, said. "We do know that companies are constant targets of efforts to get into their systems globally."

As a start, Frisbie has urged an annual summit between the U.S. President Barack Obama, and China's next President Xi Jinping. Obama has met with outgoing President Hu Jintao many times, though its usually during an international gathering of one sort or another.

The New York Times, Wall Street Journal and the Washington Post are the latest high profile hacking cases which seem strongly linked to China, but they are far from the only organizations making such allegations. China vigorously denies that it is involved in cyber attacks, and says that it is also a victim of such crime on a regular basis.

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