Description

Published OFAC Ransomware Advisory including data governance recommendations

The "Updated Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments" is published by the Department of the Treasury’s Office of Foreign Assets Control and updates the Cybersecurity and Infrastructure Security Agency’s 2020 guide to companies on defending against ransomware attacks. Particularly, the Advisory highlights the risks companies face associated with making ransomware payments, especially when they are directed to sanctioned countries. Moreover, the Advisory provides information for contacting government agencies in case of suspected ransomware payment requests.

Original source

Scope

Policy Area
Data governance
Policy Instrument
Cybersecurity regulation
Regulated Economic Activity
other service provider
Implementation Level
national
Government Branch
executive
Government Body
central government

Complete timeline of this policy change

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2020-09-30
adopted

The "Ransomware Guide" is published by the Cybersecurity and Infrastructure Security Agency (CISA).…

2021-09-21
adopted

The "Updated Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments" is publish…