OFAC Releases Advisory on Sanctions Risk Involving Ransomware Payments
By EsqSocial Corporation 02/11/20
In early October, the United States Department of Treasury’s Office of Foreign Assets Control (OFAC) issued an advisory, warning of the potential risk of sanctions to companies and individuals who pay ransomware payments. The advisory also extends to companies that facilitate ransomware payments on behalf of companies that are experiencing a ransomware attack, including financial institutions, cyber insurance firms and companies involved in digital forensics and incident response. The advisory...
By: Akin Gump Strauss Hauer & Feld LLP