OFAC Warns Companies About Facilitating Ransomware Payments
By EsqSocial Corporation 27/10/20
On October 1, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an advisory warning of the perils of facilitating ransomware payments involving malicious cyber-enabled activities. OFAC has seen an increase in ransomware attacks on various governmental entities, financial institutions, health care institutions, and educational institutions during the COVID-19 pandemic. These attacks involve “‘ransomware,’ a form of malicious software designed to block access to...
By: Troutman Pepper