Office of Foreign Assets Control (OFAC) News

Weighing Effects of Treasury’s Ransomware Pay Warnings on Cyber Victims and Insurers

Recent warnings from the U.S. Treasury about paying ransomware demands are unlikely to substantially change how cyber insurers cover or handle such situations, according to experts. However, the advisories are likely to up the pressure on ransomware victims to make …

Octo Telematics Says It’s Freed from U.S. Sanctions After Execs Buy Russian Shares

Italy’s Octo Telematics, a global provider of telematics for the auto insurance industry, confirmed the completion of the purchase of 20 percent of the company’s shares by its Chairman Sir John Peace and Chief Executive Fabio Sbianchi from shareholder Nes …