US President Donald Trump signed a significant executive order on March 6, directing the Secretary of State, Secretary of the Treasury, Secretary of Defense, Attorney General, and Secretary of Homeland Security to review existing frameworks within 60 days and submit a detailed action plan within 120 days targeting the cybercrime activities of transnational criminal organizations. The order mandates the establishment of a dedicated task force within the National Coordination Center, responsible for coordinating federal efforts to detect, combat, and deter cybercrime activities by foreign transnational criminal organizations.
Furthermore, the order requires the Attorney General to propose recommendations within 90 days for establishing a victim recovery program. This program aims to provide compensation to victims of cyber fraud through funds recovered, forfeited, or seized from criminal organizations. On the international front, the order directs the Secretary of State to engage with countries that tolerate such criminal activities, with potential measures including restrictions on foreign aid, targeted sanctions, visa restrictions, trade penalties, and the expulsion of relevant foreign officials.