Citation[]
Financial Crimes Enforcement Network (FinCEN), Advisory on Ransomware and the Use of the Financial System to Facilitate Ransom Payments (FIN-2020-A006) (Oct. 1, 2020) (full-text).
Overview[]
FinCEN issued this advisory to alert financial institutions to predominant trends, typologies, and potential indicators of ransomware and associated money laundering activities. This advisory provides information on: (1) the role of financial intermediaries in the processing of ransomware payments; (2) trends and typologies of ransomware] and associated payments; (3) ransomware-related financial red flag indicators; and (4) reporting and sharing information related to ransomware attacks.
The information contained in this advisory is derived from FinCEN's analysis of cyber- and ransomware- related Bank Secrecy Act (BSA) data, open source reporting, and law enforcement partners.