Publication of Updated Ransomware Advisory; Cyber-related Designation

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued an updated advisory to highlight the sanctions risks associated with ransomware payments in connection with malicious cyber-enabled activities and the proactive steps companies can take to mitigate such risks, including actions that OFAC would consider to be “mitigating factors” in any related enforcement action. Additionally, OFAC has updated its SDN List. Please visit the URL below to view this action

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