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

Share!

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...

Read Full Article

Recommended Articles

Commercial Auto Insurance Declines in Underwriting Profitability; Increasing Economic and Social Inflation Continue to Influence Costs, Says Triple-I/CAS

Posted: Oct 23, 2024

For immediate release New York Press Office: Loretta Worters, 917-208-8842, [email protected] NE...

Read Article

Triple-I Campaign Raises Awareness of Legal System Abuse Impacts in Georgia

Posted: Oct 22, 2024

For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, [email protected] ATLANTA,...

Read Article

Personal Lines Underwriting Results Improving; Natural Catastrophes, Fed Rate Decreases, and Tempered Geopolitical Risks Are Critical to Sustainable Trajectory: Triple-I/Milliman

Posted: Oct 09, 2024

For Immediate Release Triple-I: Loretta Worters, [email protected] Milliman: Jeremy Engdahl-Johnson, ...

Read Article