The White House announced today that the US and China have reached a “common understanding” to protect intellectual property, trade secrets and confidential business information from cyber thefts. The parties agreed that neither government will conduct or knowingly support theft of intellectual property in order to gain a competitive advantage. The countries agreed to provide timely responses to requests for information about malicious online activities.
Each nation will designate representatives to discuss cyber theft issues. The US representatives are expected to be from the Department of Homeland Security, the FBI and the Justice Department. No meetings by the group will be held until 2016.
A wide gulf remains between the parties about how to prevent further attacks by China and any U.S. response. No specific breaches were mentioned, including the massive OPM breach which US experts believe was launched from China. The Chinese government has denied any involvement.