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Home Technology Cyber-security

US Introduces New Rules to Prevent Bulk Access to Data

11 months ago
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US Introduces New Rules to Prevent Bulk Access to Data

The United States Justice Department has put forward new rules to protect federal government and Americans’ bulk data from foreign access through placing new limits on certain business transactions, says Reuters.

The proposal implements an executive order from earlier this year that aims to keep foreign states from accessing American financial and genomic data and health data for cyberattacks, espionage and blackmail.

The financial damage caused by cybercrime in the US reached a new record of $12.5 billion last year, reports Statista.

Graph showing annual amount of monetary damage caused by reported cybercrime in the United States from 2001 to 2023.

Cybercrime in the US is on the rise. Image: Statista

The rules – including a ban on transferring the geolocation data on over 1,000 US devices – would apply to China, Russia, Iran, Venezuela, Cuba and North Korea.

Those behind the plans said that transactions would be banned with data brokers who know information will end up in ‘countries of concern’.

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