One post-election question pertaining to Donald Trump’s upcoming presidency is how his administration will choose to combat cybercrime, as well as collaborate with international partners to do so.

Cybercrime continues to exact a toll from American individuals and businesses. Known criminal profits from ransomware exceed $1 billion annually. While many victims never report online crime to police, last year, a record 880,000 individuals filed online crime reports to the FBI’s Internet Crime Complaint Center, detailing collective losses of $12.5 billion in 2023, due to investment scams, business email compromise and more. Last year’s total is cup 22% from 2022.

As Trump takes office, the country faces well-known adversaries online. “The four nations who are on the forefront of nation-state attacks and/or providing safe cover to organized cybercriminal syndicates remain Russia, China, North Korea and Iran,” said Chris Pierson, founder and CEO of BlackCloak.

 

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