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DISCERNING DATA

A Faegre Drinker Blog Covering the Latest in Privacy, Cybersecurity and Data Strategy

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Ransomware Payments May Violate Sanctions Laws, U.S. Treasury Department Warns

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Ransomware attacks are on the rise in the wake of COVID-19, but attack victims — and third parties who assist them — could unknowingly be in violation of federal law. A new advisory from the U.S. Department of the Treasury warns that ransom payments to sanctioned individuals or entities may result in significant criminal or civil liability. Companies should closely review the details of this advisory to minimize the risk of violating the U.S. sanctions laws if they are victimized by a ransomware attack.

For the full alert, visit the Faegre Drinker website.

The material contained in this communication is informational, general in nature and does not constitute legal advice. The material contained in this communication should not be relied upon or used without consulting a lawyer to consider your specific circumstances. This communication was published on the date specified and may not include any changes in the topics, laws, rules or regulations covered. Receipt of this communication does not establish an attorney-client relationship. In some jurisdictions, this communication may be considered attorney advertising.

About the Author: Peter Baldwin

Peter Baldwin draws on his experience as a former federal prosecutor to counsel clients facing government investigations and cybersecurity issues. View Peter's full bio on the Faegre Drinker website.

About the Author: Angie Castille

About the Author: Ken Dort

Ken Dort is a partner in the firm's Intellectual Property group. Read Ken's full bio on the Faegre Drinker website.

About the Author: Paul Luehr

Paul Luehr is a partner in the firm's Intellectual Property group. Read Paul's full bio on the Faegre Drinker website.

About the Author: Jason G. Weiss

Jason G. Weiss leverages a past career as a cybersecurity and computer forensics Supervisory Special Agent with more than 22 years of decorated service at the FBI to guide clients through the complex and high-stakes issues associated with cybersecurity incident preparedness and response and compliance. View Jason's full bio on the Faegre Drinker website.

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October 7, 2020
Written by: Peter Baldwin, Angie Castille, Ken Dort, Paul Luehr and Jason G. Weiss
Category: Cybersecurity
Tags: cybersecurity, ransomware

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