Washington is right: Cybercrime is organized crime. Now we need to shut down the business model

CyberScoop

Overview

The U.S. government has officially classified cyber-enabled fraud as transnational organized crime through a new executive order. This change emphasizes the need for a more aggressive approach to combat cybercrime, moving beyond just defensive measures. The article argues that the private sector must also take a proactive stance to dismantle the criminal infrastructure that supports these activities. By recognizing cybercrime as organized crime, U.S. authorities are urged to target the business models that enable these operations, rather than simply responding to individual attacks. This shift is crucial for reducing the overall impact of cybercrime on businesses and individuals alike.

Key Takeaways

  • Timeline: Newly disclosed

Original Article Summary

The executive order finally calls cyber-enabled fraud what it is: transnational organized crime. Now the U.S. has to act like it—and the private sector has to stop settling for defense-only while the criminal infrastructure stays intact. The post Washington is right: Cybercrime is organized crime. Now we need to shut down the business model appeared first on CyberScoop.

Impact

Not specified

Exploitation Status

The exploitation status is currently unknown. Monitor vendor advisories and security bulletins for updates.

Timeline

Newly disclosed

Remediation

Not specified

Additional Information

This threat intelligence is aggregated from trusted cybersecurity sources. For the most up-to-date information, technical details, and official vendor guidance, please refer to the original article linked below.

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