US Targeting TCOs’ Role in ‘Scam Centers’

Corporate Compliance Insights – On March 6, President Donald Trump issued a first-of-its kind executive order to combat cyber-enabled fraud and scams that are “coordinated campaigns carried out by transnational criminal organizations” (TCOs), including from “scam centers.” The order identified illicit cyber-enabled activities ranging from ransomware and phishing to financial fraud, sextortion and other schemes that often target vulnerable groups, such as youth and the elderly.