Senate Weighs Cybercrime Measure As Costs Top $114B

Law360, New York (September 7, 2011, 2:00 PM EDT) -- A U.S. Senate panel considered a White House proposal to crack down on cybercriminals on Wednesday, the same day a Norton USA survey revealed global cybercrime costs $114 billion every year and claimed 431 million adult victims in the past year.

The White House proposal would add teeth to the Computer Fraud and Abuse Act, in part by subjecting CFAA offenses to the Racketeer Influenced and Corrupt Organizations Act and mandating a minimum three-year prison sentence for cybercriminals who even attempt to hurt critical infrastructure....
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