Inside Cybersecurity

March 3, 2024

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Langevin: Treasury advisory on liability for ransomware payments incentivizes ‘stronger resilience measures’

By Charlie Mitchell / September 22, 2021

Rep. Jim Langevin (D-RI) says the Treasury Department’s latest advisory on legal risks associated with making payments in ransomware incidents, and related action against a cryptocurrency exchange, are “excellent” steps toward dismantling the ecosystem supporting threat actors while also providing assistance to victims of such attacks.

The Treasury Department on Tuesday released its updated guidance explaining that the Office of Foreign Assets Control Office “has designated numerous malicious cyber actors under its cyber-related sanctions program and other sanctions programs,...

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