Imagine itemizing your company deductions… “Fred… can we write off the amount we paid to the ransomeware hackers?” The answer now apparently from the IRS is that, yes, while we don’t deal with terrorists, if you do, you can write it off. Now, there’s issues, such as those with cyber insurance, but that’s something that differs from company to company, or even your own personal insurance.

See full story on IRS: Ransomware payments may be deductible – Axios

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