(Bloomberg) — Privacy advocates have objected to a bill scheduled for a Senate committee vote on Thursday that would shield companies from lawsuits when they share information about cyber-attacks with each other and federal agencies.
Industry groups, such as the Financial Services Roundtable, largely support the bill that's under consideration by the Senate intelligence committee and has the backing of the panel's ranking Democrat and Republican chairman.
Companies have resisted providing data to the government about hacking attacks out of concern they could be sued if they accidentally included private information about their customers, or accused of violating antitrust laws. Information sharing is needed to help prevent attacks that are growing more sophisticated and dangerous, according to the Obama administration.
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