FinCEN, the US anti-money laundering agency. has released a new report on the increase in ransomware activity in 2021.
reportRegarding the ransomware released October 15th by the Financial Crimes Enforcement Network (FinCEN), the report states:
“The total value of reported suspicious activity in SAR related to ransomware in the first six months of 2021 was $590 million, exceeding the reported value for the full year of 2020 ($416 million).”
FinCEN is a Treasury office that enforces compliance with the Bank Secrecy Act and other anti-money laundering laws, among which, among other provisions, financial institutions operating in the United States. Suspicious activity reports or SARs are required whenever suspicious activity is discovered.
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