Client Alert: Facilitating Ransomware Ransom Payments? OFAC Issues Guidance to Avoid Enforcement Actions and Penalties

Earlier this month, the United States Department of Treasury Office of Foreign Asset Control (“OFAC”) released updated guidance to entities which “facilitate” the payment of ransom on behalf of victims of ransomware attacks. In its most recent guidance, OFAC expressly “called out” cyber liability insurers and digital forensics vendors as examples of facilitators of ransom payments which should heed its directives. Learn more in this Client Alert written by Joel Bruckman.