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SUMMARY:Paying cyber ransoms safely: Office of Foreign Assets Control (OFAC) and related issues
DESCRIPTION:The LMA Cyber Claims Committee would like to invite you to the ‘Paying cyber ransoms safely’ webinar hosted by top cyber experts Theodore Kobus\, Partner at BakerHostetler and Marc Bleicher\, Managing Director from cyber forensics firm Arete. \nAUDIENCE\nUnderwriters with an interest in cyber and kidnap & ransom business\, claims practitioners and brokers. \nDESCRIPTION\nThe LMA Cyber Claims Committee would like to invite you to the ‘Paying cyber ransoms safely’ webinar hosted by BakerHostetler on Wednesday 04 November 2020. \nIn October 2020\, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) provided an Advisory on potential sanctions for facilitating ransomware payments. Cyber and K&R insurers are routinely paying such ransoms. How might the OFAC Advisory impact how insurers facilitate payment on behalf of their clients\, and is there a broader\, international lesson to be learned? \nTop cyber experts Theodore Kobus\, Partner\, BakerHostetler and Marc Bleicher\, Managing Director from cyber forensics firm Arete will discuss: \n\nthe market conditions which led to OFAC’s concerns with ransomware\nwhat the OFAC Advisory says and how it impacts insurers’ ransomware payments\nthe steps the service providers which negotiate and make ransomware payments are taking to ensure compliance\nhow the OFAC Advisory could shape the facilitation of ransomware payments outside of the US.\n\n		\n\n							\n					Share this event with your colleagues:\n				 \n			\n			\n\n								\n		\n\n							\n\n					\n						\n						 \n					\n						\n							\n\n							\n																Facebook\n									\n						\n\n											\n					\n									\n							\n\n					\n						\n						 \n					\n						\n							\n\n							\n																Twitter\n									\n						\n\n											\n					\n									\n							\n\n					\n						\n						 \n					\n						\n							\n\n							\n																LinkedIn\n									\n						\n\n											\n					\n									\n							\n\n					\n						\n						 \n					\n						\n							\n\n							\n																Email\n									\n						\n\n											\n					\n									\n			\n					\n		\n			\n		\n		Visit Event Website
URL:https://staging.limestreetguide.com/event/paying-cyber-ransoms-safely-office-of-foreign-assets-control-ofac-and-related-issues/
LOCATION:Online
CATEGORIES:Online,Education & Training
ATTACH;FMTTYPE=image/png:https://staging.limestreetguide.com/wp-content/uploads/2020/09/LMA-new-logo.png
ORGANIZER;CN="Lloyd's Market Association (LMA)":MAILTO:lma@lmalloyds.com
GEO:51.533166;-0.130418
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