Biden Boosts Sanctions Powers to Target Cyber Underground
bankinfosecurityFinal Cybersecurity Executive Order Unlocks New Powers for Next Administration Chris Riotta (@chrisriotta) • January 16, 2025
An executive order the Biden administration published during its final days in power includes provisions to improve and expand U.S. sanctions against the ransomware and hacking criminal underground, a top White House official said Thursday.
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The order expands Department of Treasury authorities to sanction anyone complicit in ransomware operations, cyberattacks targeting critical infrastructure or unauthorized hackings of U.S. systems. The expanded authority will enable the government to target the sophisticated networks of financial facilitators and services that support ransomware hacking, said Carrol House, special advisor for cybersecurity and critical infrastructure policy at the White House National ...
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