Data

Hackers Dismiss Obama’s Cyber Security Order

Apr 01, 2015 at 5:27 PM ET

Hackers and online activists dismissed an executive order issued by President Obama Wednesday allowing the government to freeze U.S.-based assets of malicious cyber actors, or anyone who aids and abets them. Users chatting in IRC channels used by Anonymous members were immediately dismissive of the order and its potential, saying that they largely didn’t see it as having any real impact.

Cyber-crime has hit American business hard of late, from the Target credit card breach to the millions of users whose data was stolen from health insurer Anthem.  The executive order aims to stop that. Section 3 of Obama’s order says it applies to anyone involved in “any contribution or provision of funds, goods, or services by, to, or for the benefit of any person whose property and interests in property are blocked pursuant to this order” – i.e., anyone who helps cyber-villains do what they do. But with the hacking community so reliant on open-source platforms, American organizations like Pastebin or even code-sharing platform Github (recently locked in a five-day battle with Chinese hackers) could run afoul of the new law for unwittingly facilitating malicious hackers’ efforts.

The same section closes off one option for targets of cybercrime. A study by ThreatTrack Security shows that security professionals are so worried about cyberattacks that they often broker deals with cybercriminals. 86 percent of security professionals in the study said their peers at other organizations had negotiated with cybercriminals for stolen data or the restoration of encrypted files. Only 40 percent of security professionals said they had been targeted by cybercrime extortion, but 55 percent of them said they would be willing to negotiate with cyber criminals if it happened. Payouts like this could now be deemed illegal.

Read More:

Silk Road Founder Paid $450K In Bribes To Hackers
Phone Virus Infections Rising Rapidly Worldwide
Inside Unit 121: The North Korean Hackers That Took Down Sony