This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Ransomware-related incidents on the rise, US FinCEN report finds

( November 1, 2022, 17:15 GMT | Official Statement) -- MLex Summary: The US Financial Crimes Enforcement Network issued its most recent financial trend analysis of ransomware-related Bank Secrecy Act filings for 2021, indicating ransomware continues to pose a significant threat to critical infrastructure sectors, businesses and the public. The report showed that reported ransomware-related incidents have substantially increased from 2020 and roughly 75 percent of the ransomware-related incidents reported to FinCEN during the second half of 2021 pertained to Russia-related ransomware variants. “Today’s report reminds us that ransomware —including attacks perpetrated by Russian-linked actors— remain a serious threat to our national and economic security,” said FinCEN Acting Director Himamauli Das.Statement follows in full. Also see document below. ...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login