On September 21, 2021, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an “Updated Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments.” While this advisory explicitly supersedes OFAC’s previous ransomware advisory from October 2020, it does not fundamentally alter OFAC’s approach towards ransom payments. Like the prior guidance, OFAC’s […]
U.S. and Allies Formally Accuse China of Microsoft Hack and Cyberespionage
On July 19, 2021, the Biden administration, along with a group of allies publicly accused the Chinese government of malicious cyber activities and irresponsible state behavior. The joint announcement states the U.S. uncovered a wide array of cyberattacks by hackers with a history of working for the China’s Ministry of State Security (MSS). Importantly, the […]