OFAC
PTFM? Is It Legal to Pay the Hacker? Canvas, Uber and the Criminal Law of Cyber Extortion
Mark Rasch | | aml compliance, Canvas breach, cyber extortion, cybersecurity law, Instructure cyberattack, OFAC, Ransomware legality, Sanctions violation
This article highlights how the Canvas/Instructure breach exposes the complex and treacherous legal landscape of ransomware payments, moving beyond the business ethics of negotiation to the potential violations of sanctions regimes, anti-money ...
Security Boulevard
US Government tells firms not to give in to ransomware demands
The US Government has underlined once again that it continues to strongly discourage organisations hit by ransomware from giving in to extortion demands. In an updated advisory, the Department of Treasury’s Office ...
Ransom Payments Could Result in Civil Penalties for Ransomware Victims
Victims of ransomware attacks could potentially receive civil penalties for making ransom payments to a growing list of threat actors. On October 1, the U.S. Department of the Treasury’s Office of Foreign ...

