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China, Iran Boost Cyber Attacks on U.S., Lawmaker Says

China and Iran are intensifying cyber assaults against the U.S., the head of the House Intelligence Committee said as he pressed for legislation to encourage companies to share information on hacker threats.

China’s cyber espionage effort targeting U.S. industrial secrets “has grown exponentially both in terms of its volume and damage it’s doing to our economic future,” the intelligence panel’s chairman, Mike Rogers, said at a hearing yesterday. “We have no practical deterrents in place today.”