Online Scams, Crypto Fraud, and Digital Extortion: An Examination of How Transnational Criminal Networks Target Americans

Defense Posture and Global ThreatsHomeland Security Subcommittee on Border Security and Enforcement · 2026-04-21 · 119th Congress
This joint hearing of the House Homeland Security Subcommittees on Border Security and Enforcement and Cybersecurity and Infrastructure Protection examined how transnational criminal organizations use cryptocurrency, AI, and global digital platforms to commit fraud, ransomware, and extortion against Americans. Begins at 0:11:16
Transcript
Highlights

Title

Transnational criminal networks' online scams, crypto fraud, and digital extortion

Purpose

This joint hearing of the House Homeland Security Subcommittees on Border Security and Enforcement and Cybersecurity and Infrastructure Protection examined how transnational criminal organizations use cryptocurrency, AI, and global digital platforms to commit fraud, ransomware, and extortion against Americans. Members and four expert witnesses discussed legislative and executive-branch responses, including a March 2026 executive order on cybercrime, potential terrorism designations for ransomware actors, and cuts to CISA's workforce and budget. Begins at0:11:16

Who spoke

Chairman (Rep. Michael Guest, R-MS)0:11:16: Opened the hearing on transnational digital crime, citing over $20 billion stolen from Americans in 20250:13:01 and describing Mexican cartels' use of Chinese money-laundering networks0:13:29; later questioned Ms. Kaiser on the UMMC ransomware attack and potential terrorism/felony-murder charges0:51:08.

Rep. Lou Correa (D-CA), Ranking Member0:16:21: Recounted a personal IRS phone scam demanding $20,0000:17:11; cited FBI figures of $17.6 billion in 2025 reported losses0:19:38 and criticized CISA workforce cuts and redirection of ICE HSI agents to immigration enforcement0:20:490:21:20; later polled witnesses on federal preparedness0:58:03.

Rep. Andy Ogles (R-TN), Cybersecurity Subcommittee Chairman0:22:48: Cited FBI data showing over 1 million IC3 complaints in 2025, $20 billion in losses (a 26% increase), and $8 billion lost by Americans over 60 (a 59% increase)0:24:14; praised President Trump's March 6 executive order on cybercrime0:26:23; later pressed Kaiser on whether ransomware attacks on critical infrastructure should be classified as terrorism1:06:32.

Cynthia Kaiser, Halcyon Ransomware Research Center0:29:40: Detailed the February 2026 UMMC ransomware attack that knocked out Epic records for 9 days0:51:56; cited 460 hospital ransomware attacks in 2025 (up from 238 in 2024) and University of Minnesota research linking at least 47 deaths to hospital ransomware0:31:380:32:26; proposed evaluating terrorism designations and felony-murder charges for ransomware actors targeting hospitals0:33:390:34:04.

Ari Redbord, TRM Labs0:35:21: Cited TRM's 2026 Crypto Crime Report showing $158 billion in illicit crypto flows in 2025 (a 145% increase) and $35 billion from fraud/scams0:37:20; said North Korea stole about $2 billion in crypto last year0:38:03; described TRM's Beacon Network connecting exchanges with 70 law enforcement agencies0:39:40.

Josh Bercu, USTelecom / Industry Traceback Group0:41:14: Explained how traceback cut IRS scam robocalls 85% after Indian call-center raids0:42:06; described SIM boxes/SIM farms generating US-originated scam calls1:09:32; called for a safe harbor for industry information sharing0:45:21 (referred to in the transcript once as "Ms. Kaiser" by the chair, apparently misspoken).

Megan Stifel, Institute for Security and Technology0:45:50: Recalled the 2021 Ransomware Task Force report and the Colonial Pipeline attack two weeks later0:46:18; warned that federal workforce cuts and organizational upheaval threaten cybersecurity progress0:47:46; described CISA's now-inactive pre-ransomware notification program, which prevented an estimated $9 billion in losses before its lead staffer departed1:39:44.

Rep. Seth Magaziner (D-RI)1:08:46: Questioned Bercu on SIM farms enabling anonymous mass calling1:09:32 and raised concerns about social media companies keeping fraud-linked accounts active1:11:56 and about CISA staffing cuts and Nvidia chip sales to China1:12:42.

Rep. Eli Crane (R-AZ)1:13:44: Described a constituent's farm-equipment scam seen in a Fox News ad1:14:05 and asked witnesses how average Americans can avoid scams; Kaiser advised reporting to IC3 and banks quickly1:15:34.

Rep. Delia Ramirez (D-IL)1:19:20: Criticized the administration's cybersecurity strategy as insufficiently detailed and linked it to alleged self-enrichment through crypto holdings worth up to $11.6 billion1:20:22; asked Stifel to compare the 2026 strategy to the 2018 strategy1:21:37.

Rep. Tim Budd (R-NC)1:23:59: Asked witnesses how government can match the speed and flexibility of cybercriminals1:24:16 and how national security posture should shift given nation-state involvement1:27:59.

Rep. Sheila Jackson Lee / "Ms. Johnson" (D-TX)1:29:52: Cited $1.35 billion lost by Texans to scams in 2024 and a 118% rise in scam reports in 20251:30:25; questioned Stifel on international collaboration against Southeast Asian scam compounds generating $12 billion annually in Cambodia1:31:56.

Rep. Jennifer Wexton / "Wexton Shaw" (D-VA)1:35:30: Quoted OMB Director Russ Vought on wanting federal workers "traumatized"1:35:57; detailed CISA's canceled pre-ransomware notification program and its lead staffer's departure, tying it to $9 billion in prevented damages1:38:051:39:44.

Rep. Al Green (D-TX)1:40:53: Pressed Stifel and Redbord on regulating cryptocurrency pseudonymity and know-your-customer requirements1:42:02; debated with Redbord over blockchain transaction visibility and off-ramp regulation1:46:041:48:07.

Key moments

Kaiser detailed the February 19, 2026 UMMC ransomware attack: Mississippi's only Level One trauma center operated on paper for 9 days after Epic records went fully offline0:51:560:52:56.

Kaiser said research documented at least 47 hospital-ransomware-attributable deaths from 2016–2021, with the true number "almost certainly in the hundreds today"0:32:26.

Ogles cited FBI 2025 data: over 1 million IC3 complaints (first time crossing that threshold), $20 billion in reported losses (up 26%), and $8 billion lost by Americans over 60 (up 59%)0:24:14.

Redbord cited TRM's finding of $158 billion in illicit crypto flows in 2025, a 145% year-over-year increase, with only about 15% of victims reporting, implying true global losses exceed $200 billion0:37:20.

Kaiser proposed that DOJ evaluate homicide/felony-murder charges against ransomware actors whose hospital attacks cause documented deaths, and that State/Justice/Treasury assess applying terrorism designations to such actors0:34:040:33:39.

Stifel revealed CISA's pre-ransomware notification program — run by a single staffer who notified over 4,000 organizations — is no longer operating after that employee left, having prevented an estimated $9 billion in losses1:38:251:39:44.

Ramirez cited a House Judiciary Democrats' report alleging President Trump's crypto holdings reached $11.6 billion and generated over $800 million in income in the first half of 20251:20:22.

Prince Group takedown in Cambodia cited as the largest forfeiture action in US history, recovering about $15 billion in proceeds, with witnesses noting "10 to 15 more" similar compounds across Southeast Asia1:34:33.

Bercu said raids on illegal calling operations in India led to an 85% drop in IRS scam robocalls, and overall scam robocall volume is now 50% below its peak0:42:060:42:32.

Rep. Green and Redbord sparred over cryptocurrency's pseudonymity: Redbord said TRM can track every transaction on public blockchains in real time, while Green pressed on how criminals still evade tracing through exchanges and off-ramps1:44:291:47:12.

Metadata

CommitteeHomeland Security Subcommittee on Border Security and Enforcement
Chamber / CongressHouse · 119th Congress
Date2026-04-21
TypeHearing
Witnesses
Ms. Cynthia Kaiser — Senior Vice President, Halcyon Ransomware Research Center
Mr. Ari Redbord — Global Head of Policy, TRM Labs
Mr. Joshua Bercu — Senior Vice President of Policy, USTelecom - The Broadband Association
Ms. Megan Stifel — Chief Strategy Officer, Institute for Security and Technology
Videoyoutube
Transcript236 caption blocks · 15,007 words · 1:49:57 runtime
EventCongress.gov 119126