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Vice President JD Vance on Friday hosted the first anti-fraud task force meeting, where he delivered opening remarks saying the Biden administration “turned off” anti-fraud protections that “existed in our government for a very long time.”
Vance was joined by Cabinet and administration officials, including White House deputy chief of staff for policy Stephen Miller, Federal Trade Commission Chair Andrew Ferguson and Department of Homeland Security Secretary Markwayne Mullin. The vice president, Ferguson and Miller delivered brief opening remarks before the meeting was closed to the press to further privately discuss their planned actions to combat fraud nationwide.
“We think fraud has been a problem for a long time,” Vance explained. “It became a massive, massive problem under the Biden administration. We’re going to do a number of things….
Cyber fraud uses technology as the primary weapon. It is highly scalable and can be conducted from anywhere in the world.
- Phishing/Smishing/Vishing: Using deceptive emails (phishing), text messages (smishing), or phone calls (vishing) to trick victims into clicking malicious links or revealing sensitive data.
- Business Email Compromise (BEC): A high-value scam where a criminal impersonates a CEO or high-level executive via a “spoofed” email address to trick a staff member into making an urgent, unauthorized wire transfer.