US Government tells firms not to give in to ransomware demands, as first crypto exchange sanctioned for laundering cyber ransoms

The US Government has underlined once again that it continues to strongly discourage organisations hit by ransomware from giving in to extortion demands. In an updated advisory, the Department of Treasury’s Office of Foreign Assets Control (OFAC) has called upon businesses not to pay ransoms, and to focus on cybersecurity measures that can prevent or mitigate ransomware attacks.

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