Department of Treasury Releases Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments

Original release date: October 2, 2020

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has released an [Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments]. Financial institutions, cyber insurance firms, and companies that facilitate payments on behalf of victims may be violating OFAC regulations.

CISA encourages organizations to review the OFAC Advisory for more information. See CISA’s Ransomware page for how to report and protect against ransomware attacks.

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