Topic: Ransomware

Subscribe to Ransomware RSS feed

US Senate considers mandating 24-hour reporting requirement for ransom payments

Norton Rose Fulbright - Data Protection Report blogOn September 28, 2021, the US Senate Homeland Security and Governmental Affairs Committee released a draft bill that would, among other things, require nearly all entities that make a ransom payment as the result of a ransomware attack against the entity to report the payment to the Director of the Cybersecurity and Infrastructure Security Agency … Continue reading

OFAC Announces New Measures to Address Ransomware Attacks

Norton Rose Fulbright - Data Protection Report blogThe U.S. Department of Treasury, Office of Foreign Assets Control (“OFAC”) implemented additional measures today to combat the growing ransomware problem.  OFAC’s measures consist of: (1) the designation of the entire SUEX OTC, S.R.O. (“SUEX”) crypto-currency exchange (SUEX) to the SDN List; (2) designating a fairly large number (~25) additional digital currency addresses to the … Continue reading
LexBlog