Register

The intersection between OFAC, ransomware and data security incident handlings

Pay the ransom? Not so fast

The intersection between OFAC, ransomware and data security incident handlings

As the threat and sophistication of ransomware attacks continue to climb at an alarming rate, it is vital that corporations are aware of the legal considerations and obligations they have under US and international law should they become the next victim. On October 1, 2020, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an advisory to companies, warning them that facilitating ransomware payments to malicious cyber actors may violate OFAC regulations, and details how to avoid violating OFAC and other government agency regulations. In this webinar, a panel of international attorneys will share insights on remaining compliant with OFAC and other agencies/regulations, the global impacts of ransomware attacks, and the implications of nation-state vs. non-state actors. Specifically, topics will include:

  • Protecting against and effectively responding to a ransomware attack
  • OFAC implications of making or facilitating a ransomware payment to state actors, as well as other legal and practical considerations
  • Critical infrastructure suppliers and contributors: supply chain, trade and sanctions implications
  • The new Cybersecurity Executive Order and what it means for the private sector and federal contractors
  • US and international regulations and agencies to keep top of mind (e.g., GDPR, CCPA, CFIUS)

Posted May 06, 2021 in: by admin

Comments are closed.

RSS