Breaking News: Executive Order Signed Relating to “Significant Malicious Cyber-Enabled Activities”

President Obama today signed an Executive Order granting authority to the Department of the Treasury’s Office of Foreign Assets Control (OFAC) to impose sanctions on individuals and entities determined to be “responsible for or complicit in malicious cyber-enabled activities” that result in harms “reasonably likely to result in, or have materially contributed to, a significant threat to the national security, foreign policy, or economic health or financial stability of the United States.”