On the heels of the October 1, 2020 OFAC Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments, the October 1, 2020 FinCEN Advisory on Ransomware and the Use of the Financial System to Facilitate Ransom Payments, and the October 8, 2020 Department of Justice Cryptocurrency Enforcement Framework, Jennifer Coughlin participated in the November 12, 2020 FinCEN Exchange on Ransomware, advocating for all stakeholders in the incident response process, including the victim organizations and cyber insurance carriers.

“An organization experiencing a ransomware infection is a victim of a crime, and we cannot lose sight of this, or the fact that experiencing a ransomware infection can be a literal or metaphorical life or death event for the business,” said Jennifer Coughlin. “We welcomed the opportunity to engage in this frank discussion on the impact of the recent October 2020 advisories on our clients and the other parties involved in the incident response process, and the need for additional guidance from regulatory agencies on the topic, and we look forward to continuing this discussion.”

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