Pay at Your Own Risk: OFAC Issues Advisory on Potential Sanctions Risks Stemming from Ransomware Payments

Morrison Foerster identifies four key takeaways from the advisory from the Department of the Treasury’s Office of Foreign Assets Control, highlighting potential sanctions risks associated with ransomware payments related to malicious cyber-enabled activities. This is not a hypothetical risk; OFAC has sanctions against malicious cyber actors who facilitate ransomware transactions, in North Korea, Iran, and […]
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