FinCEN Reports Ransomware Related SARs
On October 15, 2021, the Financial Crimes Enforcement Network (FinCEN) published a document on ransomware trends based on data from Suspicious Activity Reports (SARs) submitted between January 1 and June 30, 2021. This report complies with the requirement of the Anti-Money Laundering Act of 2020, which requires FinCEN to provide “threat pattern and trend information” derived from SARs. According to the research, ransomware-related SARs and the regularity with which they are filed have surged in the first six months of 2021 and have already eclipsed totals