The U.S. Department of Homeland Security is merging its Electronic Crimes Task Forces (ECTFs) and Financial Crimes Task Forces (FCTFs) into a single unified network known as Cyber Fraud Task Forces (CFTFs).
The (CFTFs) formed by U.S. Secret Service aimed to prevent, detecting, and mitigating complex cyber-enabled financial crimes.
Secret Service focused on investigating on disrupting and deterring criminal activity that could hinder an effective response to the pandemic and to recover stolen funds from Americans.
Cyber Fraud Task Forces
The Secret Service focused on investigating efforts on disrupting and deterring criminal activity and to recover the stolen funds.
The Secret Service has successfully disrupted hundreds of online COVID19 related scams, investigated several cyber fraud cases, halted the illicit sales of online stolen COVID-19 test kits, prevented tens of millions of dollars in fraud from occurring, and is leading a nation-wide effort to investigate and counter a vast transnational unemployment fraud scheme targeting the U.S. state unemployment programs.
The creation of CFTF will offer a specialized cadre of agents and analysts, trained in the latest analytical techniques and equipped with the most cutting-edge technologies, said Michael D’Ambrosio, Assistant Director, U.S. Secret Service.
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 reads the press release.
The Secret Service has successfully stopped hundreds of online COVID19 related scams, investigated several cyber fraud cases, halted the illicit sales of online stolen COVID-19 test kits, prevented tens of millions of dollars in fraud from occurring.