Blog | G5 Cyber Security

Ransomware Advisory

The U.S. Department of the Treasurys Office of Foreign Assets Control (OFAC) is issuing an advisory to alert companies that engage with victims of ransomware attacks of the potential sanctions risks for facilitating ransomware payments. OFAC highlights OFAC’s designations of malicious cyber actors and those who facilitate ransomware transactions under its cyber-related sanctions program. The advisory also encourages financial institutions and other companies. to report such attacks to and fully cooperate with law enforcement, as these will be considered significant mitigating factors.”]

Source: https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20201001

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