NDBA - North Dakota Bankers Association
03/12/2026 | Press release | Distributed by Public on 03/12/2026 07:42
President Signs Executive Order to Combat Cybercrime
President Trump signed an executive order directing federal law enforcement agencies to develop tools to better combat transnational criminal organizations responsible for cyber scams and fraud, and to establish a program to return seized or forfeited funds from fraudsters to victims. The order coincided with the release of the White House's National Cyber Strategy.
According to the White House, American consumers reported losing more than $12.5 billion to cyber-enabled fraud in 2024, with seniors usually losing the most. The order directs agencies to develop an "action plan" for dismantling criminal organizations responsible for cybercrimes, including the creation of a dedicated operational cell within the National Coordination Center, or NCC.
The order directs the attorney general to prioritize prosecutions of cyber-enabled fraud and scam schemes, and to submit a recommendation for establishing a Victims Restoration Program to reimburse victims with seized funds. It also directs the Secretary of Homeland Security to partner with the NCC to provide training, technical assistance and resilience building against cyber threats for state and local partners.
To read more, visit: https://www.whitehouse.gov/wp-content/uploads/2026/03/President-Trumps-Cyber-Strategy-for-America.pdf
According to the White House, American consumers reported losing more than $12.5 billion to cyber-enabled fraud in 2024, with seniors usually losing the most. The order directs agencies to develop an "action plan" for dismantling criminal organizations responsible for cybercrimes, including the creation of a dedicated operational cell within the National Coordination Center, or NCC.
The order directs the attorney general to prioritize prosecutions of cyber-enabled fraud and scam schemes, and to submit a recommendation for establishing a Victims Restoration Program to reimburse victims with seized funds. It also directs the Secretary of Homeland Security to partner with the NCC to provide training, technical assistance and resilience building against cyber threats for state and local partners.
To read more, visit: https://www.whitehouse.gov/wp-content/uploads/2026/03/President-Trumps-Cyber-Strategy-for-America.pdf
NDBA - North Dakota Bankers Association published this content on March 12, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on March 12, 2026 at 13:42 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]