Secret Service merging electronic and financial crime task forces to combat cybercrime

[InfoSec News <alerts () infosecnews org>]

https://www.cyberscoop.com/secret-service-reorganization-task-force-cybercrime-financial-crime/

By Shannon Vavra
CYBERSCOOP
July 9, 2020

The Secret Service is combining its Electronic Crimes Task Forces (ECTFs) and 
Financial Crimes Task Forces (FCTFs) into one unified network, the agency 
announced Thursday.

The new merged network of task forces, to be known as Cyber Fraud Task Forces 
(CFTFs), will detect, prevent and root out cyber-enabled financial crimes, such 
as business email compromise and ransomware scams, “with the ultimate goal of 
arresting and convicting the most harmful perpetrators,” the Secret Service 
said in a press release.

The agency hopes the reorganization integrates the resources and know-how in 
the previous task forces.

“Through the creation of the CFTFs, the Secret Service aims to improve the 
coordination, sharing of expertise and resources, and dissemination of best 
practices for all its core investigations of financially-motivated cybercrime,” 
the Secret Service said.

[...]

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