The United States Department of Treasury’s Office of Foreign Assets Control (OFAC) is broadly tasked with administering and enforcing economic trade sanctions based on United States foreign policy and national security goals. On October 1, 2020, OFAC issued an “Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments” to companies providing services to victims of ransomware attacks.
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Office of Foreign Assets Control Guidance on Ransomware Payments Posted on: January 21, 2021 In: Data Privacy & Cybersecurity
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