Pandemic Brings Increase in Ransomware Payments Prompting New Advisories from OFAC and FinCEN on Sanctions Risks
10/12/20
By: Caitlin Tubbesing On October 1st—the first day of National Cybersecurity Awareness Month—the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) and Financial Crimes Enforcement Network (FinCEN) warned companies working with victims of ransomware attacks of potential sanctions for facilitating ransomware payments. Ransomware attacks have increased during the COVID-19 pandemic and the resulting…
SEC Holds Public Forum as Part of Increasing Efforts to Regulate Digital Assets, Cryptocurrency Exchanges, and ICOs
3/28/19
By: Jennifer Lee The Securities and Exchange Commission will be hosting a public forum on distributed ledger technology and digital assets in Washington DC on May 31, 2019. This is a part of the SEC’s increasing efforts to regulate cryptocurrency exchanges and initial coin offerings (ICOs) that have been proliferating unchecked until very recently. Since…
