Treasury Department Urges Ransomware Victims to Work With the Feds, Sanctions Russian-Owned Suex Cryptocurrency Exchange for Facilitating Ransom Payments
FBI held back Kaseya decryption key for three weeks, Lithuania says Chinese phones are censorship devices, VMware warns customers to patch critical flaw, Microsoft discovers huge PHaaS operation, more
Check out my two most recent columns. The first outlines the challenges NIST faces in developing cybersecurity labels for software. The second spells out the implications for ransomware victims from the Treasury Department’s changes, announced yesterday, in its ransomware advisory.
Hoping to reduce the profitability of ransomware actors, the U.S. Treasury Department yesterday announced it is placing Czech Republic-registered but Russian national-owned-and-operated cryptocurrency exchange Suex on its sanctioned entity list for its role in facilitating illicit payments, including ransomware payments.
Treasury’s Office of Foreign Asset Control (OFAC) also released an updated version of its ransomware advisory urging ransomware victims to work with the federal government to gain some mitigation of potential penalties if the victims find themselves having to pay sanctioned ransomware entities. (Kartikay Mehrotra and Jennifer Jacobs / Bloomberg)
Related: Tech Xplore, CBSNews.com, Bloomberg Tec…
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