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Expert Analysis

OFAC Cyber Ransom Guidance Has Insurance Implications

By Walter Andrews, Andrea DeField and William Sowers (November 16, 2020, 5:14 PM EST) -- The U.S. Department of the Treasury's Office of Foreign Assets Control issued an advisory in early October reiterating that it considers the payment of ransom to certain cyber actors to be a violation of law, exposing the payer to civil penalties.[1]...

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