Law360, New York (April 2, 2015, 5:52 PM EDT) -- On April 1, 2015, President Obama issued an executive order, "Blocking the Property of Certain Persons Engaging in Significant Malicious Cyber-Enabled Activities," authorizing economic sanctions in response to malicious cyber-enabled activities. Declaring a national emergency with respect to the increasing threat posed by cyberattacks, the president signed the executive order to support the administration's wider efforts to address cybersecurity threats,[1] signaling that the United States could employ powerful economic sanctions in response to such attacks. This new targeted authority provides a broad and flexible mandate for the U.S. government to block the property and interests in property in the United States of the perpetrators of significant cyberattacks. It is intended to also deter future cyber-enabled attacks against critical infrastructure and the private sector....
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