White House threatens trade sanctions for countries found cyber-snooping

International diplomacy may feel like schoolyard antics, but the participants do have something a little heavier to throw at each other. After President Obama signed an executive order to improve national cyber security, the White House is now reportedly opening the box marked Trade and Diplomatic Sanctions, which it'll lob at any country that's found to be appropriating US trade secrets. The executive has published a report, outlining a dozen thefts from companies such as GM, Ford and DuPont, fingering China as being behind a majority of them. If the hacking persists, then James Lewis, of the Center for Strategic and International Studies, says the White House should deny visas or access to US banks to Chinese people and corporations -- making us wistful for the courtroom dramas of yore.

Update: We've corrected the story to correctly attribute the comments made by James Lewis.

Filed under: Misc, Internet

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Via: WSJ

Source: White House (.PDF)