Obama signs executive order imposing sanctions on overseas hackers

President Barack Obama has signed a new executive order that imposes new economic sanctions on anyone who perpetrates cyber attacks against American interests, putting into practice an idea that has been floated for at least two years.

That would mean that if the United States can effectively identify a person or group of people conducting such breaches, and who have assets Stateside, then those assets could be frozen or have related financial transactions severely hindered.

"Starting today, we’re giving notice to those who pose significant threats to our security or economy by damaging our critical infrastructure, disrupting or hijacking our computer networks, or stealing the trade secrets of American companies or the personal information of American citizens for profit," the president wrote on Medium.

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