"Ransomware and cyberattacks are victimizing businesses large and small across America and are a direct threat to our economy. We will continue to crack down on malicious actors," Treasury Secretary Janet L. Yellen said in a release. (Credit: igorstevanovic/Shutterstock.com)
In an effort to tamp down the ever-enlarging ransomware threat, the U.S. Department of the Treasury is taking a stiffer stance against companies, including cyber insurance providers, making or "facilitating" an extortion payment.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
