US President Obama Sets Up Sanctions Program to Combat Cyberattacks, Cyberspying

[engine]

The US is to fight back with sanction over cyberattacks, according to the new executive order signed by President Obama.

This is assuming the US can find evidence against attackers and then shut down their access to money.

President Obama on Wednesday signed an executive order establishing the first sanctions program to allow the administration to impose penalties on individuals overseas who engage in destructive attacks or commercial espionage in cyberspace.

In the works for two years, the order declares “significant malicious cyber-enabled activities” a “national emergency” and enables the treasury secretary to target foreign individuals and entities that take part in the illicit cyberactivity for sanctions that could include freezing their financial assets and barring commercial transactions with them. US President Obama Sets Up Sanctions Program to Combat Cyberattacks, Cyberspying [washingtonpost.com]

[J_RaD]

China will have 100% sanctions within 24 hours of this hitting the books :-P