Overview
On April 1, 2015, President Obama issued an Executive Order (EO) imposing sanctions on persons engaged in “significant malicious cyber-enabled activities.” The EO authorizes the US Department of Treasury, Office of Foreign Assets Control (OFAC) to block the property and interests in property of persons involved in certain types of hacking activity. OFAC has issued Frequently Asked Questions (FAQs) providing interpretative guidance.
In the coming days, we will publish an advisory summarizing the EO and FAQ in detail.