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Trump Signs Executive Order Targeting Cybercrime, Fraud, and Transnational Scam Networks

Quiver Data Analyst

President Donald Trump signed an executive order directing federal agencies to intensify efforts against cybercrime, fraud, and transnational criminal organizations (TCOs) targeting American families, businesses, and critical infrastructure. The order mandates a comprehensive review of operational, technical, diplomatic, and regulatory tools to combat cyber-enabled crimes, including ransomware, phishing, sextortion, and financial fraud. It also requires an action plan identifying criminal networks behind scam centers and digital offenses, while prioritizing prosecutions and victim restitution.

  • Requires an interagency review of tools to combat TCOs engaged in cyber-enabled crime and predatory schemes.
  • Mandates submission of an action plan to prevent, disrupt, investigate, and dismantle cybercrime networks.
  • Designates the National Coordination Center (NCC) as the lead national element and calls for a dedicated operational cell.
  • Directs the Attorney General to prioritize prosecutions of cyber fraud and recommend a Victims Restoration Program to return seized funds.
  • Instructs Homeland Security to provide training and technical assistance to state and local partners.
  • Orders the Secretary of State to press foreign governments to act against TCOs and consider sanctions, visa restrictions, and aid limits.
  • U.S. consumers reported over $12.5 billion in cyber-enabled fraud losses in 2024.

Relevant Companies

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Editor’s Note: This is a developing story. This article may be updated as more details become available.

About the Author

Matthew Kerr is a data analyst at Quiver Quantitative, with a focus on single-stock research and government datasets. Prior to joining Quiver, Matthew was an analyst intern at BlackRock.

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