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U.S. hits North Korea with new sanctions in response to Sony hack

President Barack Obama followed through today on his promise to respond to North Korea's cyberattack on Sony Corp., Bloomberg reports.

Obama signed an executive order that allows the Treasury Department to block 10 North Korean individuals, along with three state agencies, from using the U.S. financial system. Under the sanctions, U.S. citizens are also barred from conducting business with the targeted individuals and state bodies.

"Today's actions are the first aspect of our response," White House press secretary Josh Earnest said in a statement.