Source: www.techradar.com - Wednesday, April 01, 2015
President Barack Obama issued an executive order that would allow the government to impose financial sanctions against cyberattackers, treating malicious cyberattacks in a similar way as physical attacks. Under the order, the US Treasury Department could impose financial and travel sanctions against hackers who threaten national security. "This Executive Order authorizes the Secretary of the Treasury, in consultation with the Attorney General and the Secretary of State, to impose sanctions on individuals or entities that engage in malicious cyber-enabled activities that create a significant threat to the national security, foreign policy, or economic health or financial stability of the United States," Obama said in a statement. According to Reuters , the order gives Obama the same tools to address cyber threats as other threats, "including crises in the Middle East and Russia's aggression in Ukraine." The sanctions target cyberattacks that originate from outside the country. The New York Times reports that actions that "target critical infrastructure; steal money, trade secrets or personal information; or disrupt computer networks through what are called denial-of-service attacks" would fall under the scope of cyberattacks covered under the executive order. Additionally, foreign companies that knowingly use trade secrets to harm the US economy would also be targeted. "From now on, we have the power to freeze their assets, make i
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President Barack Obama issued an executive order that would allow the government to impose financial sanctions against cyberattackers, treating malicious cyberattacks in a similar way as physical attacks. Under the order, the US Treasury Department could impose financial and travel sanctions against hackers who threaten national security. "This Executive Order authorizes the Secretary of the Treasury, in consultation with the Attorney General and the Secretary of State, to impose sanctions on individuals or entities that engage in malicious cyber-enabled activities that create a significant threat to the national security, foreign policy, or economic health or financial stability of the United States," Obama said in a statement. According to Reuters , the order gives Obama the same tools to address cyber threats as other threats, "including crises in the Middle East and Russia's aggression in Ukraine." The sanctions target cyberattacks that originate from outside the country. The New York Times reports that actions that "target critical infrastructure; steal money, trade secrets or personal information; or disrupt computer networks through what are called denial-of-service attacks" would fall under the scope of cyberattacks covered under the executive order. Additionally, foreign companies that knowingly use trade secrets to harm the US economy would also be targeted. "From now on, we have the power to freeze their assets, make ifrom Top News on RSS Feeds http://ift.tt/1GMyufh
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