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September 23, 2021 | Media Mentions

U.S. Treasury’s Ransomware Crackdown: What it Means for Banks and FIs

Bank Automation News

The Biden administration announced new security guidance to target those who facilitate ransomware payments, laying out an action plan that focuses on disrupting criminal networks and virtual currency exchanges. Kenneth Mendelson offered his thoughts.… Read More

September 22, 2021 | Media Mentions

Iran, Cuba and Belarus Embrace Bitcoin. What Should Banks Do About Sanctions?

The Street

Passing muster with traditional financial institutions and regulators can be critical for crypto exchanges. Julie Myers Wood offers her thoughts.… Read More

June 17, 2021 | Media Mentions

Mortgage Industry Facing a Rise in Cyberattacks

Inside Mortgage Finance –

The mortgage industry is low-hanging fruit for extortionists given the amount of personally identifiable information lender/servicers house about customers — “People who create ransomware are making it available to others [in return for a share of the proceeds],” Ken Mendelson said. “The barrier to entry has been reduced.”

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May 20, 2021 | Podcasts

Guidepost in Motion EP 9: Banking on Crypto Part 2

Dan Burstein, general counsel and chief compliance officer at Paxos Trust Company, and Julie Myers Wood continue their discussion on the increasing openness of banking regulators to allow traditional financial institutions to offer cryptocurrency payment services.

In this episode, Dan and Julie provided insight into regulatory trends as traditional financial institutions move into the digital asset space, the associated compliance issues, blockchain monitoring, addressing the travel rule, and increased enforcement actions.

Missed Part 1? Listen to Banking on Crypto Part Read More