Cybercrime as-a-service , Cyberwarfare / Nation-State Attacks , Fraud Management & Cybercrime
Russian, Chinese, North Korean Individuals and Entities Cited Akshaya Asokan (asokan_akshaya) • August 1, 2020The European Union has imposed its first sanctions against individuals and entities from Russia, China and North Korea for their alleged roles in hacking activities and cyberattacks that have targeted EU citizens and organizations.
See Also: 2020 Global Threat Report
The sanctions announced Thursday include travel bans and asset freezes against six individuals and three entities associated with cyberattacks and security incidents, according to the European Council, which defines and enforces the EU's overall political direction and priorities.
EU citizens and businesses are also now forbidden to engage in any transactions with the individuals or entities named in the sanctions report.
The European Council first adopted the legal framework to bring sanctions against individuals and organizations associated with nation-state cyberattacks in May 2019, but this is the first time this law has been enforced, according to a statement.
"Sanctions are one of the options available in the EU's cyber diplomacy toolbox to prevent, deter and respond to malicious cyber activities directed against the EU or its member states, and today is the first time the EU has ..
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