Attacks/Breaches

4/1/2015
05:00 PM
100%
0%

Obama Signs Executive Order For Sanctions Against Cybercriminals, Cyberspies

President cites International Emergency Economic Powers Act to allow feds to blacklist foreign individuals or entities behind 'significant malicious cyber-enabled activities'

President Obama today announced yet another weapon for the US to fight back against the wave of cyber attacks plaguing US businesses, organizations, and individuals: a new Executive Order authorizing the Secretary of Treasury, in consultation with the Attorney General and Secretary of State, to institute sanctions against entities behind cybercrime, cyber espionage, and other damaging cyberattacks.

"I’m for the first time authorizing targeted sanctions against individuals or entities whose actions in cyberspace result in significant threats to the national security, foreign policy, economic health or financial stability of the United States," the President wrote today. "Our primary focus will be on cyber threats from overseas. In many cases, diplomatic and law enforcement tools will still be our most effective response. But targeted sanctions, used judiciously, will give us a new and powerful way to go after the worst of the worst."

The US now has the power to freeze assets of attackers who disrupt US critical infrastructure, or steal trade secrets from US businesses or profit from theft of personal information.

"While we’re focused on the supply side of this problem — those who engage in these acts — we’ll also go after the demand side — those who profit from them. As of today, there’s a new deterrent because I’m also authorizing sanctions against companies that knowingly use stolen trade secrets to undermine our nation’s economic health," Obama wrote.

The EO, while not surprising, was mostly welcomed by the security industry, although questions remain on how the feds will properly identify attackers given the difficulty of attribution.

Stephen Cobb, a security researcher with ESET, says it's a solid move to put the squeeze on attackers.  "Many companies in the U.S. are spending a lot of money to improve their IT security and the security awareness of their employees in response to the seemingly relentless tide of cybercrime; but it is clear that these private sector efforts alone will not solve the cybercrime problem," Cobb says. "Coordinated government action, both nationally and internationally, is urgently needed to attack those elements of the global cybercrime infrastructure that only persist due to the complicity of corrupt officials and unscrupulous businesses that turn a blind eye to cybercrime.”

Read President Obama's announcement of the new Executive Order here

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
New Free Tool Scans for Chrome Extension Safety
Dark Reading Staff 2/21/2019
Making the Case for a Cybersecurity Moon Shot
Adam Shostack, Consultant, Entrepreneur, Technologist, Game Designer,  2/19/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
5 Emerging Cyber Threats to Watch for in 2019
Online attackers are constantly developing new, innovative ways to break into the enterprise. This Dark Reading Tech Digest gives an in-depth look at five emerging attack trends and exploits your security team should look out for, along with helpful recommendations on how you can prevent your organization from falling victim.
Flash Poll
How Enterprises Are Attacking the Cybersecurity Problem
How Enterprises Are Attacking the Cybersecurity Problem
Data breach fears and the need to comply with regulations such as GDPR are two major drivers increased spending on security products and technologies. But other factors are contributing to the trend as well. Find out more about how enterprises are attacking the cybersecurity problem by reading our report today.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-9015
PUBLISHED: 2019-02-22
A Path Traversal vulnerability was discovered in MOPCMS through 2018-11-30, leading to deletion of unexpected critical files. The exploitation point is in the "column management" function. The path added to the column is not verified. When a column is deleted by an attacker, the correspond...
CVE-2019-9016
PUBLISHED: 2019-02-22
An XSS vulnerability was discovered in MOPCMS through 2018-11-30. There is persistent XSS that allows remote attackers to inject arbitrary web script or HTML via the form[name] parameter in a mod=column request, as demonstrated by the /mopcms/X0AZgf(index).php?mod=column&ac=list&menuid=28&am...
CVE-2018-20784
PUBLISHED: 2019-02-22
In the Linux kernel before 4.20.2, kernel/sched/fair.c mishandles leaf cfs_rq's, which allows attackers to cause a denial of service (infinite loop in update_blocked_averages) or possibly have unspecified other impact by inducing a high load.
CVE-2019-9003
PUBLISHED: 2019-02-22
In the Linux kernel before 4.20.5, attackers can trigger a drivers/char/ipmi/ipmi_msghandler.c use-after-free and OOPS by arranging for certain simultaneous execution of the code, as demonstrated by a "service ipmievd restart" loop.
CVE-2019-9004
PUBLISHED: 2019-02-22
In Eclipse Wakaama (formerly liblwm2m) 1.0, core/er-coap-13/er-coap-13.c in lwm2mserver in the LWM2M server mishandles invalid options, leading to a memory leak. Processing of a single crafted packet leads to leaking (wasting) 24 bytes of memory. This can lead to termination of the LWM2M server afte...