OFAC Sanctions and Ransomware Payments: A World of Issues

There is an increase in the prevalence of ransomware attacks — not only in the US, but around the world — and oftentimes companies are left questioning whether or not they should pay the ransom.

With deadlines set by threat actors looming, and the need to gain back control of computer systems and vital and often private information, companies also have to consider if they can even make payments to threat actors under the law.

In this roundtable format podcast, host and Partner Marc Voses, along with guests Senior Counsel Douglas Maag and Lead Regulatory & Investigations Advisor Neal Ysart, share their insights on OFAC sanctions and ransomware payments and emphasize Clyde & Co’s global experience in these areas.