The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has released an Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments. Financial institutions, cyber insurance firms, and companies that facilitate payments on behalf of victims may be violating OFAC regulations.
“OFAC has imposed, and will continue to impose, sanctions on these actors and others who materially assist, sponsor, or provide financial, material, or technological support for these activities.”
Paying ransomware is providing financial support to the individuals and groups who those who are acting maliciously.
If you are hit with Ransomware, paying the ransom is always a crap-shoot. There is no guarantee that if you pay the ransom you will get your data back. Now with the knowledge that paying the ransom can put you in hot water with the federal government now is the time to make sure you are protected from ransomware.
After securing your network, the next step is to make sure you have a good OFF SITE backup program in place. If your backup disk is attached to the computers that are hit with ransomware, the backup disk will also become infected with the ransomware and you will not be able to use it to recover from the attack.
The TLD Systems recommended backup plan is one of the best possible methods or maintaining backups that will allow you to recover from a ransomware attack with a minimum amount of damage to your data and networks. You can download a copy of this backup plan through your portal at TLD Systems. For more details please call TLD Systems at (631) 403-6687.