An Intersection Between Ransomware and U.S. National Security: OFAC Speaks

By: Andrew Zimmitti | Richard S. Hartunian | Scott T. Lashway | Matthew M.K. Stein
– Corporate Compliance Insights

Manatt partners Scott Lashway, Andrew Zimmitti and Richard Hartunian and special counsel Matthew Stein authored an article for Corporate Compliance Insights highlighting three key risks associated with facilitation ransomware payments. In the article, the authors discussed the difficulty of paying ransomware attackers’ ransoms without violating U.S. sanctions law following a recent advisory from the Office of Foreign Assets Control. “At root, this advisory serves as a reminder that if a business is the victim of ransomware, no matter how corporate or professional the attacker seems, the decision to pay the attacker for the decryption key cannot be made without additional analysis as to the attack and compliance with U.S. economic sanctions,” they said.

Read the article here

manatt-black

ATTORNEY ADVERTISING

pursuant to New York DR 2-101(f)

© 2021 Manatt, Phelps & Phillips, LLP.

All rights reserved