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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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‚ Brian McCarthy‚ Jason Spezzano

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

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Cyber Insurance, Cybersecurity, Regulation & Compliance

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