When FinCEN issues advisories, financial institutions need to know what this means for them regarding their suspicious activity monitoring and reporting programs. FinCEN has identified financial red flag indicators of ransomware-related illicit activity that can be used in training front line staff as well as AML and fraud investigators. While much of the cybercrime detected comes from simple techniques such as phishing, others are becoming more sophisticated and complex. This guide provides summarized examples of trends, typologies, and indicators of ransomware that financial institutions should be aware of, as identified by FinCEN.

Download to learn:

  • Examples of different cybercrime and ransomware trends, including Double Extortion Schemes, “Big Game Hunting” Schemes, and more
  • Key indicators of ransomware-related illicit activity
  • The specific language to use when filing a suspicious activity report (SAR) for cyber events

Learn more about what financial institutions can do to prevent and detect cyber fraud. View our blog, FinCEN Guidance on Cyber Fraud – Video.

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