In this article, we discuss today’s most prevalent types of ransomware attacks, considerations for whether to make the ransom payment, the Financial Crimes Enforcement Network (FinCEN) and Treasury’s Office of Foreign Asset Control’s (OFAC) ransomware guidance, and the U.S. government’s efforts in connection with these attacks.
Cybersecurity Pros On Edge As Biden Warns Of Russia Threat
Jena M. Valdetero, co-chair of Greenberg Traurig’s U.S. Data, Privacy and Cybersecurity Practice, is quoted in a Law360 article, “Cybersecurity Pros On Edge As Biden Warns Of Russia Threat.”
April 6 Webinar | Ransomware Attacks and Sanctions in the Time of War
Russia’s attack on Ukraine has resulted in historic and escalating U.S. sanctions, impacting companies who do business with Russia or Russian-affiliates and creating risks even for companies who do not. Since 2020, the number and sophistication of ransomware attacks has spiked, largely perpetuated by organized criminal groups in Russia and Eastern Europe. In light of…
Preparing for the Possibility of Russian Ransomware Attacks
On Feb. 25, 2022, one of the top 10 ransomware threat actor groups, Conti, issued a statement announcing its “full support” of the Russian government and threatening “to use all our possible resources to strike back at critical infrastructures of an enemy” who “organize[s] a cyberattack or any war activities” against Russia. Conti followed up…