U.S. May Impose Sanctions for Making or Facilitating Ransomware Payments

The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued an advisory warning against making ransomware payments related to cyberattacks. The OFAC warning, issued on October 1, 2020, notes that demands for ransomware payments has increased during the COVID-19 pandemic, and makes clear that such payments are a threat to…

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