Victimized Twice? Firms Paying Cyber Ransom Could Face U.S. Penalties

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Recent advisories from two U.S. Treasury agencies –  the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) – indicating that companies paying ransom or facilitating such payments to cyber extortionists could be subject to federal penalties are a reminder of the importance of good cyber hygiene.   The notices also underscore businesses’ need to consult […]

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