What the OFAC Advisory Means for Companies that Pay Ransom

Earlier this month, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an advisory, reminding businesses that if they pay ransom to cyber hackers, they could be violating OFAC regulations.  At first glance, it puts businesses that are already in an incredibly difficult situation, in an even harder one.

The Cipher Brief is bringing you expert perspective on what this could mean for businesses all week.  Today, we hear from Cipher Brief expert and former Assistant Secretary of the Treasury for Intelligence and Analysis Leslie Ireland for her take on what this means for business.