Diamonds are forever, more so than the price of crypto.

← Back to Blog

Diamonds are forever, more so than the price of crypto.

Graff diamonds paid a $7.5Million ransom demand in bitcoin in November 2021. They are suing their insurer Travelers for losses over the extortion, saying that the payment should be covered under their insurance policy.

I wonder if paying the ransomware would be impacted by the U.S. Department of Treasury OFAC rules? Are Conti or its members on the OFAC list?

Ted Dziekanowski

#cyberinsurance #ransomeware #cyberattack #cybersecurity.

View Original Post
https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A6950786084813332480

Categories

Cyber Insurance, Cybersecurity, Regulation & Compliance

Tags