President Obama Issues New Executive Order Authorizing Sanctions Against Cyber Attackers

April 06, 2015

President Obama issued an Executive Order (the “Order”) on April 1, 2015 that authorizes financial sanctions against certain “persons” (including both individuals and entities) designated by the Treasury Secretary to be responsible for or benefit from certain cyber attacks against U.S. interests. The Order represents a significant new weapon for the U.S. Government to combat growing threats posed by cyber attackers from around the world. It uses broad language that gives the Treasury Secretary significant interpretive discretion to meet these goals by freezing the assets of, and generally prohibiting any US persons from engaging in any transactions with, any persons targeted under the Order.

This OnPoint by our International Trade and Government Regulation practice group describes the Treasury Secretary's new authority to sanction, potential sanctions and compliance considerations, and likely targets of the Treasury Secretary's designation authority.

Read, "President Obama Issues New Executive Order Authorizing Sanctions Against Cyber Attackers."