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Between a Rock and a Hard Place: Advisories Target Ransomware Victims, Insurers

The Legal Intelligencer | November 2, 2020
By: Joshua A. Mooney and Linda D. Perkins

On Oct.1, the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) in the U.S. Department of the Treasury collectively issued a pair of advisories warning ransomware victims, their insurers, and their incident response teams of potential sanctions for facilitation a ransomware payment. Joshua Mooney, Chair of the firm’s Cyber Law and Data Protection Group and Linda D. Perkins, Counsel and Member of the firm's Cyber Law and Data Protection group discuss implications ransomware can have on insurers in their recent article in The Legal Intelligencer, "Between a Rock and a Hard Place: Advisories Target Ransomware Victims, Insurers."

This correspondence should not be construed as legal advice or legal opinion on any specific facts or circumstances. The contents are intended for general informational purposes only, and you are urged to consult a lawyer concerning your own situation and legal questions.
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