OFAC Warns Companies Again Not to Pay Ransomware Demands and Offers Helpful Hints for Mitigating Risks

On September 21, the Department of Treasury’s Office of Foreign Assets Control issued an updated advisory “to highlight the sanctions risks associated with ransomware payments in connection with malicious cyber-enabled activities.” This supersedes OFAC’s October 2020 Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments. In addition to warning companies what not to do, it […]
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