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In case there was any confusion, the U.S. wants to remind everyone that law is law.
No one is allowed to transact with sanctioned entities, the Treasury Department warned Thursday in an advisory. The Office of Foreign Assets Control, or OFAC, specifically called out victims of ransomware for possible sanctions violations, a first for the federal agency.
The bulletin “officially puts companies on notice,” said Dmitri Alperovitch, cofounder of the Silverado Policy Accelerator, a security-themed think tank. The former chief technology officer for CrowdStrike, a cybersecurity firm, described the action as “a significant shot across the bow to victims, incident response companies and payment facilitating companies,” alerting them their behavior could be criminal.
The Treasury’s insistence on following the letter of the law puts targets … Read More