ibusinesslines.com August 22, 2018

U.S. imposes new sanctions against Russians

14 June 2018, 07:23 | Erica Roy

US blacklists Russian firms tied to FSB hacking ops

US blacklists Russian firms tied to FSB hacking ops

USA treasury secretary Steven Mnuchin announced the sanctions, saying they were to counter "malicious actors" working to "increase Russia's offensive cyber-capabilities".

Due to these sanctions, all USA businesses are prohibited from working with these companies and all properties and holdings of these companies and individuals have been blocked by the US government.

Three individuals and five Russian businesses have been placed on the sanctions list by the US Treasury for having provided material and technological support to the Federal Security Service (FSB). The latter provides underwater equipment and diving systems for Russian agencies.

The three people named - Aleksandr Tribun, Oleg Chirikov and Vladimir Kaganskiy - reportedly have ties to Divetechnoservices, a company that allegedly specialises in hacking into undersea communications cables. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy.

The firms designated in Monday's announcement have directly contributed to improving Russia's cyber capabilities through their work with the FSB, which has compromised the security of the USA and its allies, Mnuchin said.

US officials announced new sanctions Monday to punish Russian entities and individuals over cyberattacks launched over the past year.

Even as officials in the U.S. and European countries cite Russian Federation for interference in their elections and its annexation of Crimea, insisting it remain expelled from the G7 until it returns the territory to Ukraine, Trump has repeatedly stressed the need for stronger relations with Moscow.

The sanctions apply to five companies and three Russians. Unfortunately, it is owned by a Russian company that has worked with the FSB to actively exploit similar holes, according to the Treasury department.

"Today's action also targets the Russian government's underwater capabilities", the Treasury Department said. No mention of their affiliation with Digital Security could be readily found on either of their web sites.

The firms designated in Monday's announcement have directly contributed to improving Russia's cyber capabilities through their work with the FSB, which has compromised the security of the U.S. and its allies, Mnuchin said. Russian Sen. Konstantin Kosachev said Washington is revealing that its mechanism for punishing Russia is "out of the control of common sense" and looks "more and more unconvincing and ever more pitiful". ERPScan is a well-known cybersecurity firm with offices in Palo Alto, California.

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