How will this months advisory from the Department of Treasury (DoT) about ransomware payments and OFAC impact the cyber insurance industry?

Andy Watkin-Child
October 22, 2021
Cyber Insurance, Cybersecurity, Regulation & Compliance

How will this months advisory from the Department of Treasury (DoT) about ransomware payments and OFAC impact the cyber insurance industry? With cyber insurers playing a significant a role in supporting firms mitigate cyber attacks. (https://lnkd.in/d_K7ZZmU)

How will this months Department of Justice (DoF) announcement of their plans to use the False Claims Act (FCA) as a tool to enforce the implementation of cybersecurity standards and greater ransomware incident reporting. Impact cyber-risk mitigation and ransomware payments?

Thoughts?

Ted Dziekanowski‚Â Brian McCarthy‚Â Jason Spezzano

#ransomware‚Â #fisma‚Â #ofac‚Â #theaugustagroup‚Â #theaugustaplan‚Â #cybersecurity‚Â #supplychainriskmanagement‚Â #cyberriskmanagement‚Â #compliance‚Â #regulatorycompliance‚Â #regulatoryoversight‚Â #esg‚Â #scrm‚Â #cscrm‚Â #fca‚Â #cybercompliance‚Â #cyberregulation‚Â #cybergovernance‚Â #falseclaimsact‚Â #SDLC‚Â #cyberregulation #cyberinsurance

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How will this months advisory from the Department of Treasury (DoT) about ransomware payments and OFAC impact the cyber insurance industry?

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