Feds Threaten Civil Penalties For Those Paying Ransomware Demands

“Before reaching for your wallet to get your data back, you might want to read this.”

– Glenn Baruck, The eDot Family of Companies

Ransomware incidents continue to grow worldwide. As this trend continues throughout organizations of all types and sizes in the U.S., in a recent memo, the U.S. Department of Treasury stated that they might impose civil penalties on people or organizations for making ransomware payments even if just to recover their stolen data. There is a bit to unpack here, and this brief but concise article written by O’Ryan Johnson for The Channel Company’s CRN provides a good overview of many of the issues.

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