secretaryofthetreasury

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  • President's order lets the US sanction foreign cyberattackers

    by 
    Jon Fingas
    Jon Fingas
    04.01.2015

    US authorities can't officially punish hackers in many countries, but they now have a way to hit those digital criminals where it hurts the most: their bank accounts. President Obama has signed an executive order that lets the Secretary of the Treasury impose sanctions on both foreign cyberattackers and those that knowingly support their activities, whether they're individuals or groups. If the Attorney General and Secretary of State deem these intruders to be major economic or security threats, the Treasury can freeze their assets and make it tougher to carry out (or profit from) their operations.