FinCEN on Ransomware: The New Regulatory Expectations Explained
In November 2021, the U.S. Financial Crimes Enforcement Network - the bureau of the U.S. Department of the Treasury that collects and analyzes information about financial transactions - released a new advisory on ransomware and the use of the financial system to facilitate ransom payments. The comprehensive advisory covers trends, red flags, suspicious activity reporting and more.
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In this exclusive session, AnnaLou Tirol, deputy director of FinCEN, explains the guidance and offers deeper insight into:
- When to report ransomware incidents - and to whom;
- How and when to engage law enforcement authorities;
- What trends and typologies you need to know in 2022."