Tag Archives: OFAC

OFAC Doubles Down on Malware Cyber Actors

The Office of Foreign Assets Control (OFACas added another cyber actor to the SDN list.  As a result, U.S. persons are prohibited from engaging in any dealings with the State Research Center of the Russian Federation FGUP Central Scientific Research Institute of Chemistry and Mechanics (TsNIIKhM), a Russian government research institution that is said to … Continue Reading

Was OFAC’s Advisory an October Surprise or More of the Same?

Ransomware has hit pandemic proportions and there does not seem to be a clear end in sight. On October 1, 2020, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an advisory regarding ransom payments and the risk of sanctions violations associated with such payments. Background Ransomware has been around for … Continue Reading
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