Ransom payment

If you have been a victim of cyber or product extortion, ransomware demands for payment in cryptocurrencies are the norm. Perpetrators of classic extortion also often demand payment using convertible cryptocurrency. Laws and regulations, especially those of the U.S., place high compliance requirements on the individuals and organizations that pay ransom using cryptocurrency or assist in the payment process. On October 01, 2020, the Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN) released two “Advisories” on ransomware attacks.

At Foreus, we specialize in presenting crypto transactions in a traceable and transparent manner. Especially in cases of crypto-crime or in determining the origin of funds, results-oriented crypto-forensics falls within our range of tasks. Through our worldwide network of partners and lawyers as well as law enforcement agencies in the respective countries, we are experts in handling ransomware in extortion cases.

If you are asked to make a ransom payment, several points are essential so that you do not end up being the target of law enforcement. So why is it so easy for you to become a target of law enforcement yourself. With sanctioned groupings, sanctioned blockchain addresses, and multiple legal steps that must be followed, it is advisable for you to work with a company that specializes in this topic, such as Foreus.

By making such a transaction legally compliant, our standardized process checks hacker groups as well as blockchain addresses for sanctions and finally sets up a wallet together with the prosecutor’s office from where the payment can be made.

Let’s say you need a ransomware payment to be processed, we are able to obtain large sums of crypt assets within a few hours to make the payment. So that on the one hand you get your data back and on the other hand you do not have to reckon with secondary consequences due to a payment made.

For this purpose, we work with external partners, licensed crypto exchanges and banks from German-speaking countries to solve this problem for you. Alternatively, we are also able to trace the assets that are transferred accordingly and obtain more information about the perpetrator group in order to provide law enforcement agencies with valid starting points.