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Cyber SecurityOn October 1, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) published an advisory to alert companies on potential sanctions risks related to ransomware payments (the “Advisory”).[1]  While ransomware attacks, by design, create business critical problems requiring swift attention and remediation, the Advisory cautions that victims of ransomware attacks, and ransomware-related services providers, must balance such considerations against the risk of sanctions liability.
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