President Obama signed an executive order establishing the first sanctions program to allow the administration to impose penalties on individuals overseas who engage in destructive attacks or commercial espionage in cyberspace. In the works for two years, the order declares “significant malicious cyber-enabled activities” a “national emergency” and enables the treasury secretary to target foreign individuals and entities that take part in the illicit cyberactivity for sanctions that could include freezing their financial assets and barring commercial transactions with them.
· Read the article: The Washington Post
Uber Files Complaints Over Bans in Spain, Germany
Uber has filed complaints with Brussels against Spain and Germany over their bans on the mobile phone taxi-hailing service, ramping up the U.S. company’s battle against legal challenges across Europe. The European Commission confirmed it had received a complaint against a German ban on Uber offering its unlicensed services.
· Read the article: Reuters
Singapore Creates Cyber Security Agency
The latest sign of growing global concerns over cybersecurity: Singapore has established a new ministry to combat bad guys lurking in the Internet’s shadows. The wealthy city-state opened the Cyber Security Agency of Singapore, or CSA, a new body that will focus on national cybersecurity strategies.
· Read the article: The Wall Street Journal
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