Treasury Department warns against paying hackers involved in ransomware attacks

The Hill: The Treasury Department on Thursday issued two advisories highlighting the dangers of ransomware cyberattacks, and warning against paying ransoms demanded by hackers.

Both the agency’s Office of Foreign Assets Control (OFAC) and Financial Crimes Enforcement Network (FinCIN) issued alerts around ransomware attacks, which have been increasingly widespread over the past two years and have ramped up during the COVID-19 crisis.

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