Down The Wings

Manchester United Fan Blog

Man United face £15 million pound fine if they pay hackers’ ransom demand

Embed from Getty Images

This week, Sportsmail discovered that United had been hacked, however, they could be faced with a hefty fine if they agree to pay the ransom demand.

United are already faced with a ransom demand that is believed to run into millions of pounds – or risk the possibility of highly sensitive information being leaked into the public domain.

But now, reports are suggesting that if Manchester United pay the ransom demand, then they will face a fine of potentially £15 million pounds.

Embed from Getty Images

United owned by the Glazer’s family is registered on the New York stock market and are therefore subject to US law.

United’s share price dropped after Sportsmail’s revelation.

The OFAC statement read: ‘Companies that facilitate ransomware payments to cyber actors on behalf of victims, including financial institutions, cyber insurance firms, and companies involved in digital forensics and incident response, not only encourage future ransomware payment demands but also may risk violating OFAC regulations.

‘Facilitating a ransomware payment that is demanded as a result of malicious cyber activities may enable criminals and adversaries with a sanctions nexus to profit and advance their illicit aims.

‘For example, ransomware payments made to sanctioned persons or to comprehensively sanctioned jurisdictions could be used to fund activities adverse to the national security and foreign policy objectives of the United States.

‘Ransomware payments may also embolden cyber actors to engage in future attacks.’

Manchester United face Southampton on Sunday in the Premier League.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.