Senate Advances Bill to Allow Sharing of Hacker Threats

Companies would gain legal protection for sharing cyberthreats with each other and the government.

The Senate is advancing legislation that would let companies and the U.S. government share information about hacking threats, even as privacy advocates say the plan could enable the National Security Agency to sweep up information about innocent Americans.

Bank of America Corp., Visa Inc. and other companies operating critical U.S. computer systems would be given legal protections for sharing hacking threats with each other and the government under a bill backed yesterday by the Senate’s intelligence committee.

Step Forward

The Senate bill “is a very good step forward,” three top industry officials wrote in a letter of support July 7 to Feinstein and Chambliss.

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