A presidential memorandum directs the National Coordination Center to authorize vetted 'Participating Companies' to conduct cyber surveillance and offensive cyber operations against foreign transnational criminal organizations, under Justice and Homeland Security supervision.
The program creates co-Executive Directors from DOJ and DHS who can approve operations except those resulting in undefined 'Critical Outcomes,' and lets companies share threat data with private firms and government agencies alike.
Implementation guidance, due within 60 days, is supposed to set vetting standards and operating procedures ensuring 'complete oversight and control' of the companies now empowered to hack on the government's behalf.
The full dispatch is available from the source below.