Joshua Mooney and Linda Perkins of White and Williams Courtesy photo Between a Rock and a Hard Place: Advisories Target Ransomware Victims, Insurers
On Oct. 1, the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) in the U.S. Department of the Treasury collectively issued a pair of advisories warning ransomware victims, their insurers, and their incident response teams of potential sanctions for facilitating a ransomware payment.
October 30, 2020 at 12:15 PM
8 minute read
Between a rock and a hard place—a very bad Rolling Stones song, and a place ransomware victims and their insurers may be finding themselves in soon. On Oct. 1, the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) in the U.S. Department of the Treasury collectively issued a pair of advisories warning ransomware victims, their insurers, and their incident response teams of potential sanctions for facilitating a ransomware payment.
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