Treasury targets ransomware operators

The Treasury Department announced a new round of coordinated actions as part of the federal government’s response to ransomware.

Designations: The Office of Foreign Assets Control designated and targeted with sanctions:

• Chatex, a virtual currency exchange, for facilitating financial transactions for ransomware actors.

• Ukrainian Yaroslav Vasinskyi and Russian Yevgeniy Polyanin for perpetuating Sodinokibi/REvil ransomware incidents.

Advisory: Additionally, the Financial Crimes Enforcement Network updated its ransomware advisory with information on current trends, typologies, recent incidents, and red flags.

More Resources: ICBA which is encouraging a comprehensive approach to unregulated platforms, offers a complimentary workshop at 1 p.m. (Eastern time) tomorrow, Nov. 10, on cyber incident management and more information on cyber and data security resources.