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

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Insurance Information Institute - Oct 20, 2020

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 remind...

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