Sun. Jan 24th, 2021

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Manchester United face £15MILLION fine if they pay hackers holding them to ransom

2 min read

Manchester United face a fine of up to £15million if they give in to cyber hackers holding the club to ransom.

Sportsmail exclusively revealed that United have been the victim of a ransomware attack and called in experts to try and fight off the virus crippling their systems for the past week.

As well as facing a demand for millions of pounds from the hackers, United could also be issued with a fine of up to £15m ($20m) from the US Treasury Department if they pay up and the criminals are shown to be on a hit list detailed in new legislation introduced last month.

Manchester United will face a £15million fine if they give into a ransom issued by criminals

Manchester United will face a £15million fine if they give into a ransom issued by criminals

Although United are a UK-based company, the Glazer-owned club are listed on the New York Stock Exchange and therefore subject to US law.

The US Office of Foreign Assets Control announced last month that any company complying with ransom demands from the list of hackers – including Russia, North Korea and Iran – could be punished even if they didn’t know the true identity of the criminals involved.

These are worrying times for Manchester United executive vice-chairman Ed Woodward

United are being held to ransom by the cyber attackers for millions of pounds

The hackers are demanding cash to release their grip on United (the club’s executive vice-chairman Ed Woodward is pictured left)

It said: ‘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.’

The UK National Cyber Security Centre have also warned United that paying the ransom does not guarantee that the hackers will keep their word and call off the attack.

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