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
One in Three SOC Analysts Now Job-Hunting
Kelly Jackson Higgins, Executive Editor at Dark Reading,  2/12/2018
Encrypted Attacks Continue to Dog Perimeter Defenses
Ericka Chickowski, Contributing Writer, Dark Reading,  2/14/2018
Can Android for Work Redefine Enterprise Mobile Security?
Satish Shetty, CEO, Codeproof Technologies,  2/13/2018
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: One agent too many was installed on Bob's desktop.
Current Issue
How to Cope with the IT Security Skills Shortage
Most enterprises don't have all the in-house skills they need to meet the rising threat from online attackers. Here are some tips on ways to beat the shortage.
Flash Poll
[Strategic Security Report] Navigating the Threat Intelligence Maze
[Strategic Security Report] Navigating the Threat Intelligence Maze
Most enterprises are using threat intel services, but many are still figuring out how to use the data they're collecting. In this Dark Reading survey we give you a look at what they're doing today - and where they hope to go.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2017-0290
Published: 2017-05-09
NScript in mpengine in Microsoft Malware Protection Engine with Engine Version before 1.1.13704.0, as used in Windows Defender and other products, allows remote attackers to execute arbitrary code or cause a denial of service (type confusion and application crash) via crafted JavaScript code within ...

CVE-2016-10369
Published: 2017-05-08
unixsocket.c in lxterminal through 0.3.0 insecurely uses /tmp for a socket file, allowing a local user to cause a denial of service (preventing terminal launch), or possibly have other impact (bypassing terminal access control).

CVE-2016-8202
Published: 2017-05-08
A privilege escalation vulnerability in Brocade Fibre Channel SAN products running Brocade Fabric OS (FOS) releases earlier than v7.4.1d and v8.0.1b could allow an authenticated attacker to elevate the privileges of user accounts accessing the system via command line interface. With affected version...

CVE-2016-8209
Published: 2017-05-08
Improper checks for unusual or exceptional conditions in Brocade NetIron 05.8.00 and later releases up to and including 06.1.00, when the Management Module is continuously scanned on port 22, may allow attackers to cause a denial of service (crash and reload) of the management module.

CVE-2017-0890
Published: 2017-05-08
Nextcloud Server before 11.0.3 is vulnerable to an inadequate escaping leading to a XSS vulnerability in the search module. To be exploitable a user has to write or paste malicious content into the search dialogue.