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

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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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