ABA-Treasury Announces Steps to Counter Ransomware Threat.
ENPNewswire-September 22, 2021--ABA-Treasury Announces Steps to Counter Ransomware Threat
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Release date- 21092021 - As part of its ongoing efforts to counter the growing threat of ransomware, the Treasury Department's Office of Foreign Assets Control today released an updated advisory on potential sanctions risks for facilitating ransomware payments.
The advisory emphasized that the government discourages paying cyber ransom or extortion demands and stresses the importance of improving cybersecurity.
OFAC also announced sanctions against a virtual currency exchange for the first time. OFAC designated SUEX OTC for facilitating financial transactions for ransomware. More than 40% of...
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