Financial Institutions to Remain Vigilant of Ransomware Attacks as they are Facilitators of Ransomware Payments
By EsqSocial Corporation 03/11/20
On October 1, 2020, the Financial Crimes Enforcement Network (FinCEN) issued an advisory to alert Financial Institutions (FI) relating to “predominant trends, typologies, and potential indicators of ransomware and associated money laundering activities”. The FinCEN Advisory also makes reference to the Advisory from the Office of Foreign Asset Control (OFAC) on Potential Sanctions Risks for Facilitating Ransomware Payments....
By: Foodman CPAs & Advisors