Tag Archives: payment

Foley Hoag presented a discussion and Q&A regarding the growing threat of business email compromises (a.k.a. man-in-the-middle attacks). Attorneys Chris Hart and Yoni Bard, litigators with experience in privacy matters and business disputes, shared what they have learned through successfully representing victims of hacking and phishing attacks that have led companies to misdirect payments to unknown criminal actors. They discussed strategies for preventing these attacks and, if they occur, maximizing the likelihood of recovery through rapid response strategies (involving law enforcement and banks),… More

On October 1, 2020, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an advisory to alert companies that might pay ransomware attackers of the potential sanctions risks for facilitating ransomware payments.  In particular, the alert targeted “financial institutions, cyber insurance firms, and companies involved in digital forensics and incident response….”  While this is an advisory and does not have the force of law,… More