Credit: Jaruwan Jaiyangyuen/Shutterstock.com To Curtail Ransomware Threat, Penalties are Possible for Cyber Insurance Providers and Others That 'Facilitate' Payments
An updated Treasury Department advisory spells out the risks cyber insurers and other companies could face for paying ransoms.
September 26, 2021 at 05:00 PM
3 minute read
The original version of this story was published on Law.com
In an effort to tamp down the ever-enlarging ransomware threat, the U.S. Department of the Treasury is taking a stiffer stance against companies, including cyber insurance providers, making or "facilitating" an extortion payment.
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