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Ransomware

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The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued an advisory to alert companies about potential sanctions risks when making payments in response to ransomware attacks. The advisory is in response to the demand for ransomware payments during the COVID-19 pandemic as cyber criminals have severely debilitated systems that merchants rely on to continue to conduct business. A Threat to National Security Ransomware is a form of malicious software designed…

On July 11, 2016, the Department of Health and Human Services – Office for Civil Rights (“OCR”), the office that enforces the Health Insurance Portability and Accountability Act (“HIPAA”), sent out an email detailing new guidance to help health care organizations fight ransomware attacks. These attacks are increasing in frequency and protected health information (“PHI”) held by health care organizations presents a particularly attractive target. Further details on ransomware and an outline of OCR’s guidance…