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Cyber security vs. personal privacy?

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  • Description

    Battle brewing over bill to protect companies from hackers

  • Duration 2:20
  • Date

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Here in Washington pitting cyber security against personal privacy.

Involves legislation aimed at protecting businesses from computer hackers.

National security correspondent Jennifer Griffin looks at both sides of the issue from the Pentagon.

The Pentagon and other US intelligence agencies have knowledge of impending cyber attacks knowledge that can help American companies protect themselves.

But right now they can't use that information due to a 1947.

Law.

That stops them from sharing classified intelligence today on Capitol Hill congressman Mike Rogers the Republican chairman of the House Intelligence Committee.

Introduced -- bipartisan legislation to change that to help protect American companies from cyber espionage.

Just in the last few years it is estimated that the Chinese Government alone has stolen more intellectual property.

Drama American corporations.

And businesses.

It would be equivalent to filling The Library of Congress print collection.

Fifteen times -- being attacked as we speak right now let's just last year it's it's an estimated we have lost 300 million dollars.

-- the thirteen page house bill has raised the hackles of civil liberties groups some Democrats and the White House which is threatening to veto it.

Based on concerns that it could be used to help the government spy on private citizens.

We have a loan memory.

Three remember -- nation -- pass.

More on the McCain Julius telephone.

Was watch -- The White House is concerned the bill shields American companies from liability.

If they share private data.

Good company share personal information of all consumers with other companies even have that information had nothing to do with cyber security.

Yes could the government used personal -- -- -- to spy on Americans yeah.

Yes they're the bill's co author pushed back says if we have this nasty source code -- zeros and ones I wanna give it to you so you can protect your systems.

That's it.

No monitoring no content no surveillance.

Nothing.

A vote on the house version is taking place right now on Capitol Hill Republicans say they don't like -- senate version that they say would pose too great a regulatory burden on business press.

We'll follow that vote here on fox Jennifer.

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