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FinCEN Issues Guidance on Ransomware Attacks

FinCEN Issues Guidance on Ransomware Attacks | JD Supra

The prevalence, sophistication, and severity of ransomware attacks have increased anti-money laundering risks faced by financial institutions both as targets of ransomware attacks and as potential intermediaries in facilitating ransomware payments. Executive Summary: Ransomware is a cyber-attack in which malicious software blocks access to systems or data to extort payment in exchange for restoring access to information systems and data.








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