Senators re-up bill to expand Secret Service’s financial cybercrime authorities

Reported by Matt Bracken A bipartisan pair of senators is taking another shot at their bill to expand the U.S. Secret Service’s investigative powers for financial cybercrime probes. The Combatting Money Laundering in Cyber Crime Act from Sens. Catherine Cortez Masto, D-Nev., and Chuck Grassley, R-Iowa, would update federal law to strengthen the Secret Service’s authority, enabling […]

AI is making it easier to commit financial crimes, so the IRS is overhauling its tech after finding $21 billion in fraud in just two years

Reported by THE ASSOCIATED PRESS AND FATIMA HUSSEIN (Summarized version featured below) The IRS Criminal Investigation division (IRS-CI) has introduced a new program called CI-FIRST (Feedback in Response to Strategic Threat) to improve collaboration with financial institutions amid growing threats from technology-driven financial crimes. The initiative aims to enhance the speed and efficiency of subpoena processes, provide […]