Executive Order

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Combating Cybercrime, Fraud, and Predatory Schemes Against American Citizens

AI Summary: This regulation establishes a policy to combat cybercrime, fraud, and predatory schemes targeting American citizens, recognizing these activities as significant threats to individuals and the nation's financial and digital systems, often perpetrated by Transnational Criminal Organizations (TCOs) with potential state support. The policy mandates a coordinated federal response involving law enforcement, diplomacy, and potential offensive actions, alongside support for victims, expanded public alerts, and prioritized protection for vulnerable populations. Key provisions include a review of existing frameworks to improve efforts against TCOs, the development of an action plan to identify and dismantle these organizations, and the creation of an operational cell within the National Coordination Center (NCC) to coordinate federal efforts. The regulation also emphasizes enhancing information sharing, operational coordination, and rapid response, prioritizing prosecutions for cyber-enabled fraud, and providing support to State, local, Tribal, and territorial partners to bolster their defensive capabilities. Furthermore, it outlines a plan for a Victim Restoration Program to provide restitution to victims from funds seized from TCOs and directs international engagement to secure cooperation from foreign governments in combating these criminal activities, with potential consequences for nations that tolerate such predatory behavior.