Alex Iftimie

Morrison & Foerster LLP

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Latest Posts › Ransomware

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U.S. Government Takes Increasingly Aggressive Actions Targeting Ransomware

On November 8, 2021, the U.S. Department of Justice (“DOJ”), U.S. Department of the Treasury (“Treasury”), and the U.S. Department of State (“State”) made several significant announcements regarding recent U.S. government...more

11/12/2021 / Cyber Threats , Department of Justice (DOJ) , FBI , FinCEN , National Security , Office of Foreign Assets Control (OFAC) , Ransomware , Sanctions , U.S. Treasury , US Department of State

OFAC Issues New Ransomware Guidance And First Sanctions Designation Against Virtual Currency Exchange

In the Biden Administration’s latest effort to respond to the growing threat of ransomware attacks, on September 21, 2021, the U.S. Department of the Treasury (“Treasury”) announced new sanctions and ransomware guidance in an...more

9/23/2021 / Cybersecurity Information Sharing Act (CISA) , Extortion , FBI , Joe Biden , Office of Foreign Assets Control (OFAC) , Ransomware , SDN List , U.S. Treasury

Pay At Your Own Risk: OFAC Issues Advisory On Potential Sanctions Risks Stemming From Ransomware Payments

On Thursday, October 1, 2020, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued an advisory highlighting potential sanctions risks associated with ransomware payments related to malicious...more

10/7/2020 / Compliance , Cyber Attacks , License Applications , Nexus , Office of Foreign Assets Control (OFAC) , Ransomware , Risk Management , Sanctions

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