Get a Pentest and security assessment of your IT network.

News

Treasury Dept. Warns Against Facilitating Ransom Payments

Financial institutions, cyber insurance firms and others that facilitate a ransom payment after a ransomware attack could face federal penalties. Some cybersecurity experts say the warning isnt necessarily a sign of a looming enforcement effort. Paying or facilitating a ransom to a threat actor can be a violation of the Treasury Departments Office of Foreign Assets Control regulations. The advisory amounts to a “shot across the bow” warning of potential repercussions, not necessarily an indicator of increased enforcement, several cybersecurity experts observe.”]

Source: https://www.cuinfosecurity.com/treasury-dept-warns-against-facilitating-ransom-payments-a-15108

Related posts
News

Ashley Madison 2.0 Hackers Leak 20GB Data Dump, Including CEO's Emails

News

Art of Twitter account hacking

News

RasGas, The Second Victim!

News

Technical analysis of the Locker virus on mobile phones