Cyber Regulation

September 2021 OFAC Updated Advisory: Sanctions against Russian Crypto Exchange, Strongly worded Warnings

As expected and announced by inside sources (See our earlier article here) the US Department of Treasury has published an updated Advisory on Ransomware (). Reiterating the danger that ransomware possess for the national security of the US, the advisory reads: Facilitating a ransomware payment that is demanded as a result of malicious cyber activities […]

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Apparantly new legislative Push: Is the USA on the way to ban Ransomware Payments?

Following up on the OFAC & Fincen advisories of last year and strongly worded messages from President Biden towards especially Russia in June, the US Treasury Department is apparently preparing to sanction “financial exchanges that facilitate delivery of illicit digitalpayments to hackers (, ). While these reports have not yet been officially confirmed, it appears

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Australian Ransomware Payments Bill proposes mandatory reporting for ransomware payments

After the Biden Administration introduced a new executive order with guidelines to US businesses with regards to cyber security precautions and ransomware payments and fostering an exchange of threat intelligence  (), the Australian Parliament saw a new bill introduced in June to mandate all entities that are affected by a ransomware attack to report it

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