- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2024-10-07T12:13:00
The Criminal Division of the Department of Justice (DOJ) plans to heighten its focus on cybercrime, according to division head Nicole Argentieri.
The DOJ has been busy–very busy–disrupting and dismantling big cyber schemes, including the highly destructive LockBit and AlphV/Blackcat ransomware operations, along with the malicious 911 S5 botnet and Bitcoin Fog, a bitcoin money laundering service.
But more needs to be done and that requires a modernized strategy, Argentieri said before unveiling the new Strategic Approach to Countering Cybercrime, which will guide the division’s Computer Crime and Intellectual Property Section (CCIPS). The existing strategy was last updated in 2017, she said.
Key to the strategy is stepped-up enforcement, including the use of artificial intelligence (AI) in crime, Argentieri said Wednesday during a speech at the CCIPS Symposium on Artificial Intelligence.
AI and enforcement also will be discussed in detail at Compliance Week’s AI & Compliance Summit, which is being held Oct. 8-9 at Boston University. The event will gather business leaders, academics, and government officials to discuss some of the biggest questions around AI, including business adoption standards, ethical guardrails, and its applications in decision making.
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U.S. and European law enforcement agencies have announced sanctions against two Russia-linked cryptocurrency platforms in their ongoing chase to snuff out Russian-linked financial platforms that assist cybercriminals.
Web hosting company Jelly Bean Communications Design and its manager agreed to pay $293,771 in the latest Department of Justice case holding government contractors accountable for poor cybersecurity practices.
Sebastien Vachon-Desjardins, a former Canadian government employee who played part in widespread NetWalker ransomware attacks, was sentenced to 20 years in prison and ordered to forfeit the $21.5 million U.S. investigators said he received from his victims.
Steel and an artificial sweetener made by two Chinese companies using forced labor have been banned from entering the U.S. under the Uyghur Forced Labor Prevention Act.
A federal court in Florida has lashed out at federal whistleblower programs by dismissing a mundane False Claims Act case against a medical practice on the grounds that the qui tam provisions of the FCA are unconstitutional.
Companies under criminal prosecution by the Department of Justice for any reason must show they have robust compliance for any artificial intelligence in use–or risk heightened prosecution–under a DOJ policy update.
