U.S. Charges 3 Iranian Hackers and Sanctions Several Others Over Ransomware Attacks

The U.S. Treasury Department's Office of Foreign Assets Control OFAC on Wednesday announced sweeping sanctions against ten individuals and two entities backed by Iran's Islamic Revolutionary Guard Corps IRGC for their involvement in ransomware attacks at least since October 2020. The agency said...

Ransomware Payments and Sanctions - U.S. Treasury Advisory

On Oct. 1, the United States Treasury Department Office of Foreign Assets Control OFAC issued an advisory concerning ransomware payments and sanctions regulations. The advisory warned that paying ransoms to sanctioned persons and entities risks violating the law. It also notes that OFAC may impos...