On May 16, 2022, the U.S. Department of State, U.S. Department of Treasury, and the Federal Bureau of Investigation issued combined guidance on efforts by North Korean nationals to secure freelance engagements as remote information technology workers by posing as non-North Korea nationals.
Continue Reading U.S. Issues Guidance to Companies Warning of Cybersecurity and Sanctions Risks Posed by IT Workers Directed by North Korea
Sanctions
OFAC Again Says Beware of Sanctions When Making Ransomware Payments and Designates Virtual Currency Exchange as Malicious Cyber Actor
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On September 21, 2021, the U.S. Department of the Treasury’s Office of Foreign Assets Control issued an Updated Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments on the sanctions risks associated with facilitating ransomware payments. OFAC, with assistance from the FBI, also designated SUEX OTC, S.R.O., as a malicious cyber actor, the first such sanctions designation against a virtual currency exchange.
Continue Reading OFAC Again Says Beware of Sanctions When Making Ransomware Payments and Designates Virtual Currency Exchange as Malicious Cyber Actor