Obama to protect trade secrets from hackers

The White House is set to unveil a plan on Wednesday to better protect the business secrets of U.S. companies, including from Chinese hackers.

U.S. Attorney General Eric Holder, Acting Commerce Secretary Rebecca Blank and U.S. Intellectual Property Enforcement Coordinator Victoria Espinel are scheduled to discuss the new strategy at a White House event.

Jim Lewis, a senior fellow at the Center for Strategic and International Studies, said the plan will suggest stronger counter intelligence, sharing of security best practices among corporations and a coordinated diplomatic strategy to pressure China to stop hacking U.S. companies.


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