OFAC! An acronym that cybersecurity professionals need to know

Calling all CISOs and CISSPs, all of you CCNAs, GIACs and CEHs: do you need another acronym to remember, along with HIPAA, FISMA, COBIT, GLBA, FERPA and PCI? Probably not! But try this one on for size: OFAC, as in Office of Foreign Assets Control. Let’s allow their website to describe what this office does and then I will explain how it relates to cybersecurity:

“The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy or economy of the United States.”

OFAC! An acronym that cybersecurity professionals need to know