Private Corporations Authorized to Combat Cybercrime, but Risks and Uncertainties Remain
The Trump administration has issued a new Presidential Memorandum, authorizing vetted private corporations to assist federal law enforcement in combating cyber-enabled transnational criminal organizations (CE-TCOs). This initiative aims to leverage the private sector's capabilities against foreign-based threats, which are estimated to have cost Americans billions of dollars annually. However, the move introduces significant legal risks and raises concerns about the potential for unintended consequences.
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The memo defines a CE-TCO as any foreign group that conducts cyber-enabled crime against the United States Government, a U.S. person, or U.S. interests, and is not an institutional part of a foreign government or wholly operated under a foreign government's direction.
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