Obama authorizes sanctions to combat cybercrime


President Obama on Wednesday signed an executive order authorizing sanctions against people, businesses, and governments that "engage in malicious cyber-enabled activities" against the U.S.
"Cyber threats pose one of the most serious economic and national security challenges to the United States, and my Administration is pursuing a comprehensive strategy to confront them," Obama said in a statement.
The first of its kind, the sanctions program would allow the Treasury Department to freeze assets and restrict the financial transactions of those deemed to have used cyberattacks to conduct espionage or disrupt U.S. commerce. The announcement comes months after the federal government last year accused North Korea of carrying out a cyberattack against Sony Pictures.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Jon Terbush is an associate editor at TheWeek.com covering politics, sports, and other things he finds interesting. He has previously written for Talking Points Memo, Raw Story, and Business Insider.
-
Peter Mandelson called Epstein his 'best pal' in birthday note
Speed Read The UK's ambassador to Washington described the late convicted paedophile as an 'intelligent, sharp-witted man'
-
A Spinal Tap reunion, Thomas Pynchon by way of Paul Thomas Anderson and a harrowing Stephen King adaptation in September movies
the week recommends This month's new releases include 'Spinal Tap II,' 'One Battle After Another' and 'The Long Walk'
-
'Vampire energy' could be causing your electric bill to rise
Under the Radar Wasted energy could account for up to 10% of home use
-
2 kids killed in shooting at Catholic school mass
Speed Read 17 others were wounded during a morning mass at the Annunciation Catholic School in Minneapolis
-
Australian woman found guilty of mushroom murders
speed read Erin Patterson murdered three of her ex-husband's relatives by serving them toxic death cap mushrooms
-
Combs convicted on 2 of 5 charges, denied bail
Speed Read Sean 'Diddy' Combs was acquitted of the more serious charges of racketeering and sex trafficking
-
Sniper kills 2 Idaho firefighters in ambush
Speed Read A man started a wildfire, then fired a rifle at first responders when they arrived
-
Weinstein convicted of sex crime in retrial
Speed Read The New York jury delivered a mixed and partial verdict at the disgraced Hollywood producer's retrial
-
'King of the Hill' actor shot dead outside home
speed read Jonathan Joss was fatally shot by a neighbor who was 'yelling violent homophobic slurs,' says his husband
-
DOJ, Boulder police outline attacker's confession
speed read Mohamed Sabry Soliman planned the attack for a year and 'wanted them all to die'
-
Assailant burns Jewish pedestrians in Boulder
speed read Eight people from the Jewish group were hospitalized after a man threw Molotov cocktails in a 'targeted act of violence'