Security News > 2020 > July > Secret Service Creates Cyber Fraud Task Forces

The U.S. Secret Service has created the Cyber Fraud Task Forces, aimed at preventing, detecting and mitigating complex cyber-enabled financial crime - including making arrests and convictions.

The Electronic Crimes Task Forces and the Financial Crimes Task Forces, the division said in a recent media statement.

"The creation of the new Cyber Fraud Task Forces, will offer a specialized cadre of agents and analysts, trained in the latest analytical techniques and equipped with the most cutting-edge technologies," said Michael D'Ambrosio, assistant director of the Secret Service.

In terms of specific wins, the Secret Service has halted the illicit sales of online stolen COVID-19 test kits, and is now leading a "Nationwide effort to investigate and counter a vast transnational unemployment fraud scheme targeting the U.S. state unemployment programs," according to the Secret Service.

"By combining the Financial and Electronic Crimes Task Forces, our expertise across domains can be leveraged more effectively, putting the Secret Service and its partners in a vastly improved position to understand, disrupt, and prosecute modern frauds."

News URL

https://threatpost.com/secret-service-cyber-fraud-task-forces/157384/