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FinCen Advisory
- Advisory on Ransomware and the Use of the Financial System to Facilitate Ransom Payments
- Narrated by: Tom Brooks
- Length: 1 hr and 13 mins
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FinCen Advisory
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Summary
The Financial Crimes Enforcement Network (FinCEN) is updating and replacing its October 1, 2020 Advisory on Ransomware and the Use of the Financial System to Facilitate Ransom Payments.
This updated advisory is in response to the increase of ransomware attacks in recent months against critical US infrastructure, such as the May 2021 ransomware attack that disrupted the operations of Colonial Pipeline, the largest pipeline system for refined oil products in the United States. This attack led to widespread gasoline shortages that affected tens of millions of Americans. Other recent targets include entities in the manufacturing, legal services, insurance, financial services, health care, energy, and food production sectors.
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