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Take care if you pay the ransom

In response to the proliferation of ransomware attacks over the last five years, a series of United States Executive Orders and statutes have come to include cyberterrorists amongst the list of banned individuals with whom U.S. persons cannot conduct financial transactions.  This impacts payments to cybercriminals for ransomware attacks.

There is a detailed article from a U.S. law firm here, that sets out when payment of a ransom could lead to breach of U.S. law.  See https://www.friedfrank.com/siteFiles/Publications/NYLJ_03.05.21_Kleinman.pdf


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