Trump Administration Launches New Private-Sector Partnership to Combat Cybercrime and Fraud

President Trump has directed federal law enforcement to establish a new program that will collaborate with the private sector to target transnational criminal organizations involved in ransomware attacks, phishing campaigns, and other cybercrimes. The initiative, overseen by executive directors from the Department of Justice and Department of Homeland Security, aims to enhance the nation's ability to counter cyber threats and protect American citizens from predatory schemes, which cost U.S. consumers over $20.8 billion last year.