Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

New OFAC Sanctions Rules Target Cyber-Attacks

Joe Mont | December 31, 2015

Effective immediately, the Treasury Department’s Office of Foreign Assets Control has implemented new rules that execute an executive order issued in April by President Barack Obama. That order authorized sanctions against countries and foreign nationals involved in cyber-attacks against U.S. citizens, companies, or government agencies.

The new rules build upon the Executive Order, “Blocking the Property of Certain Persons Engaging in Significant Malicious Cyber-Enabled Activities,” and formalize a strategy used to increase sanctions against North Korea in response to its alleged role in the hacking of Sony and resulting leaks from its entertainment division.

The regulations, released on Dec. 31, were published in abbreviated form...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.