The U.S. is vulnerable to cyber-attacks that could shut down financial
services or destroy information that companies need for daily
operations, the chairman of the House Intelligence Committee said
Rep. Mike Rogers says 95 percent of private sector networks are vulnerable and most have already been hit.
being stolen? Personal identities, Social Security numbers, money from
banks, blueprints for next-generation jobs. At risk are private
companies and public agencies. Some estimates put the value of
information hacked at up to $400 billion a year. But many companies are
reluctant to admit they've been attacked to keep a competitive edge and
avoid reactions from shareholders.
The Michigan Republican says hackers have stepped up attacks since the fall, and he points to China and Iran.
taking blueprints back, not just military documents, but civilian
innovation that companies are gonna use to create production lines to
build things," Rogers said. "They're stealing that, repurposing it back
in nations like China and competing in the international market."
tells CBS' "Face the Nation" that the U.S. government has, essentially
"set up lawn chairs, told the burglars where the silver is and
opened the case of beer and watched them do it."
A bipartisan bill
to shore up the nation's cyber-defenses passed the House, but died in
the Senate in the last Congress. Similar legislation could be introduced
again as early as this week.
For Rogers, the fix is "very simple."
Share information about threats online," he said. "The senior
leadership in the intelligence community said that they think that we
can stop 90 percent of our problems by just sharing classified cyber