U.S. Treasury Department gives warning to financial institutions that facilitate payments to hackers

The Treasury Department issued adversaries highlighting the dangers of ransomware attacks, warning against paying ransoms to cybercriminals. This comes as a result of the increase of sophisticated ransomware attacks that have recently disrupted healthcare, education, and the global shipping industries. Victims of ransomware attacks can violate sanctions and face hefty penalties if they make payments to the hackers.

https://www.wsj.com/articles/treasury-warns-against-keeping-ransomware-payments-quiet-11601587735

https://www.reuters.com/article/us-ransomware-insurance/u-s-treasury-warns-cyber-insurers-payments-to-hackers-may-violate-sanctions-idUSKBN26M7J3?rpc=401&