US unveils new rules to block China, Russia and Iran from accessing bulk US data
U.S. Justice Department on Monday proposed new rules to protect federal government data or Americans' bulk personal data from getting into the hands of countries like China, Iran and Russia by placing new limits on certain business transactions.
The proposal, which was previewed in March, implements an executive order issued earlier this year by President Joe Biden which aims to keep foreign adversaries from using accessible American financial and genomic data and health data for cyber attacks, espionage and blackmail.
In addition to China, Russia and Iran, the rule would also apply to Venezuela, Cuba and North Korea.
Washington has been trying to stem the flow of American personal data to China, part of a years-long struggle over trade and technology.
In 2018, a U.S. panel that reviews foreign investments for potential national security threats rejected a plan by China's Ant Financial to acquire U.S. money transfer company MoneyGram International, because of concerns over safety of data that can be used to identify U.S. citizens.
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