On October 22, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) determined to impose sanctions on five distinct Iranian entities known to have attempted to conduct election interference on the US and its voters. These attempts include spreading disinformation and executing malign influence campaigns aimed to mislead
The U.S. Department of Treasure released an advisory today highlighting that ransomware payments could violate their Office of Foreign Assets Control (OFAC) sanction controls. This advisory drastically changes the dynamic for how companies are managing ransomware response including the payment of ransoms directly or through third party negotiators.
This is an advisory that every CISO, corporate executive, and board of directors member needs to read and understand to prevent criminal liability.