Security News > 2020 > July > U.S. Secret Service Creates Cyber Fraud Task Force
The United States Secret Service has announced the launch of a Cyber Fraud Task Force, created through the merger of the Electronic Crimes Task Forces and Financial Crimes Task Forces.
"The creation of the new Cyber Fraud Task Force, will offer a specialized cadre of agents and analysts, trained in the latest analytical techniques and equipped with the most cutting-edge technologies. Together with our partners, the CFTFs stand ready to combat the full range of cyber-enabled financial crimes," Michael D'Ambrosio, Assistant Director, U.S. Secret Service, commented.
The CFTF, the Secret Service says, was created for better coordination and sharing of resources, and to ensure that investigations of financial cybercrime leverage best practices.
In today's environment, cyber and financial crimes are often overlapping, the Secret Service points out.
The Secret Service currently has 42 domestic and 2 international CFTF locations, but it plans on extending the network to encompass 160 offices in the U.S. and abroad. "The evolution of two different task forces into a single unified task force focused on cyber-crime in the Unites States is a strong move that shows how important this issue has become," Brandon Hoffman, CISO, Head of Security Strategy at Netenrich, said in an emailed comment.