Thank you for sharing!

Your article was successfully shared with the contacts you provided.
The OFAC is issued an advisory to highlight the sanctions risks associated with ransomware payments related to malicious cyber-enabled activities. (Photo: Yanawut Suntornkij/Shutterstock)

A recent advisory notice issued by the Office of Foreign Assets Control (OFAC) won’t necessarily put more direct pressure on organizations to ascertain the identities of bad actors behind ransomware attacks. But it could force risk teams and the companies they serve to overcome their reluctance toward voluntarily approaching the FBI or other law enforcement agencies in the wake of a cyberattack.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.