Banks reported paying a record $1.2 billion to ransomware criminals in 2021, the Financial Crimes Enforcement Network (FinCEN) announced Tuesday.

Banks reported paying a record $1.2 billion to ransomware criminals in 2021, the Financial Crimes Enforcement Network (FinCEN) announced Tuesday.
Adrianne Appel writes regulatory news, policy, and trends for Compliance Week. She previously reported about policy developments for Bloomberg Law and Bloomberg Government. Email: adrianne.appel@complianceweek.com LinkedIn:... More by Adrianne Appel