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U.S. and China To Chat About Cyberspying

The U.S. and China have agreed to form a working group on cybersecurity, after a recent volley of cyberspying accusations from both sides.

U.S. Secretary of State John Kerry announced from Beijing that the two countries will ramp up action on cybersecurity, Reuters reported.

Cybersecurity "affects the financial sector, banks, financial transactions—every aspect of nations in modern times are affected by the use of cybernetworking, and obviously all of us, every nation, has an interest in protecting its people, protecting its rights, protecting its infrastructure," the news agency quoted Kerry as saying after a meeting with China Foreign Minister Wang Yi.

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