White House announces new push to combat cybercrime, fraud

Why it matters

The White House's initiative to combat cybercrime and fraud remains a significant regulatory and structural event with potential broad implications for financial institutions and market stability, warranting a mid-50s significance score.

Sources

• ABA Banking Journal

  White House announces new push to combat cybercrime, fraud

  President Trump directed federal law enforcement to create a new program that partners with the private sector to target transnational criminal organizations responsible for ransomware attacks, phishing campaigns and other cybercrimes. The post White House announces new push to…