White House Opens Door For Cybersecurity Sanctions
Law360, New York (April 1, 2015, 10:52 AM EDT) -- President Barack Obama on Wednesday handed down an executive order establishing a new sanctions regime that enables the administration to level harsh penalties against individuals overseas who carry out “malicious” cyberspace attacks that threaten crucial U.S. national security and economic interests.
The executive order declares a national emergency with regard to “significant malicious cyber-enabled activities” and authorizes the U.S. Treasury Department to identify foreign persons engaged in cyber-espionage and tag them with stiff sanctions that include freezing their U.S. assets and bans on commercial transactions.
“Cyber threats pose one of the most serious economic and national security challenges to the United...
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