Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

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
Why Cyber-Risk Is a C-Suite Issue
Marc Wilczek, Digital Strategist & CIO Advisor,  11/12/2019
The Cold Truth about Cyber Insurance
Chris Kennedy, CISO & VP Customer Success, AttackIQ,  11/7/2019
Black Hat Q&A: Hacking a '90s Sports Car
Black Hat Staff, ,  11/7/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
7 Threats & Disruptive Forces Changing the Face of Cybersecurity
This Dark Reading Tech Digest gives an in-depth look at the biggest emerging threats and disruptive forces that are changing the face of cybersecurity today.
Flash Poll
Rethinking Enterprise Data Defense
Rethinking Enterprise Data Defense
Frustrated with recurring intrusions and breaches, cybersecurity professionals are questioning some of the industrys conventional wisdom. Heres a look at what theyre thinking about.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-5230
PUBLISHED: 2019-11-13
P20 Pro, P20, Mate RS smartphones with versions earlier than Charlotte-AL00A 9.1.0.321(C00E320R1P1T8), versions earlier than Emily-AL00A 9.1.0.321(C00E320R1P1T8), versions earlier than NEO-AL00D NEO-AL00 9.1.0.321(C786E320R1P1T8) have an improper validation vulnerability. The system does not perform...
CVE-2019-5231
PUBLISHED: 2019-11-13
P30 smartphones with versions earlier than ELLE-AL00B 9.1.0.186(C00E180R2P1) have an improper authorization vulnerability. The software incorrectly performs an authorization check when a user attempts to perform certain action. Successful exploit could allow the attacker to update a crafted package.
CVE-2019-5233
PUBLISHED: 2019-11-13
Huawei smartphones with versions earlier than Taurus-AL00B 10.0.0.41(SP2C00E41R3P2) have an improper authentication vulnerability. Successful exploitation may cause the attacker to access specific components.
CVE-2019-5246
PUBLISHED: 2019-11-13
Smartphones with software of ELLE-AL00B 9.1.0.109(C00E106R1P21), 9.1.0.113(C00E110R1P21), 9.1.0.125(C00E120R1P21), 9.1.0.135(C00E130R1P21), 9.1.0.153(C00E150R1P21), 9.1.0.155(C00E150R1P21), 9.1.0.162(C00E160R2P1) have an insufficient verification vulnerability. The system does not verify certain par...
CVE-2010-4177
PUBLISHED: 2019-11-12
mysql-gui-tools (mysql-query-browser and mysql-admin) before 5.0r14+openSUSE-2.3 exposes the password of a user connected to the MySQL server in clear text form via the list of running processes.