RANSOMWARE THREATS TO THE INSURANCE INDUSTRY

Navigating the Sanctions & AML Implications of Ransomware & Cyber Attacks in 2023

January 24, 2023 1:15pm

Deborah Hirschorn
Managing Director, US Cyber & Technology Claims Leader
Lockton Companies

Jeanine McGuinness
Partner
Orrick, Herrington & Sutcliffe LLP

  • FinCEN’s and OFAC’s ransomware advisories
  • The role of cryptocurrency exchanges being used to facilitate ransomware payments
  • The reimbursement of the ransom payment, and negotiating with threat actors
  • The anatomy of a ransomware claim