• Warning: If you pay ransomware, the US Dept of Treasury may fine you

    Posted on October 3, 2020 at 09:51 CDT by • Comment in the Forums

    Dan Goodin at Ars Technica has a great review of the latest US Treasury Department advisory:

    Businesses, governments, and organizations that are hit by crippling ransomware attacks now have a new worry to contend with—big fines from the US Department of Treasury in the event that they pay to recover their data… payments made to specific entities or to any entity in certain countries—specifically, those with a designated “sanctions nexus”—could subject the payer to financial penalties levied by the Office of Foreign Assets Control, or OFAC.

    The prohibition applies not only to the group that is infected but also to any companies or contractors the hacked group’s security or insurance engages with, including those who provide insurance, digital forensics, and incident response, as well as all financial services that help facilitate or process ransom payments

    It’s an important new angle on an increasingly difficult subject.

    UPDATE: Brian Krebs has a more-detailed look on Krebs on Security.

    Security
DON'T MISS OUT!
Subscribe to the Free Newsletter
We promise not to spam you. Unsubscribe at any time.
Invalid email address

View the Forum

  • Recent Replies
  • My Replies
  • My Active Topics
  • New Posts in the Last day
  • Private Messages
  • Knowledge Base
  • How to use the Forums
  • All Forums

    • Recent Topics

    My Profile

    May 2025
    S M T W T F S
     123
    45678910
    11121314151617
    18192021222324
    25262728293031

    Remembering Woody

     

    Want to Advertise in the free newsletter? How about a gift subscription in honor of a birthday? Send an email to sb@askwoody.com to ask how.

    Mastodon profile for DefConPatch
    Mastodon profile for AskWoody

     

    Home • About • FAQ • Posts & Privacy • Forums • My Account
    Register • Free Newsletter • Plus Membership • Gift Certificates • MS-DEFCON Alerts

    Copyright ©2004-2025 by AskWoody Tech LLC. All Rights Reserved.