Washington is right: Cybercrime is organized crime. Now we need to shut down the business model

The recently released executive order targeting cybercrime, fraud, and predatory schemes uses language the federal government has often avoided. Now, for the first time, the Trump administration is echoing what the cybersecurity industry has been shouting for years: cyber-enabled fraud is a product of transnational organized crime.

That distinction matters because organized crime requires an organized response.

Cybercrime is now the world’s fastest-growing criminal economy, built on stealing from everyday people. It is no longer a loose collection of hoodie-wearing hackers in basements or misfits trading malware in online forums. It is a mature global industry operating at scale. In the entirety of human history, there has not been a transfer of wealth of this magnitude since the era of pillaging empires. We have just gotten so used to it that it feels like background noise.

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