FBI Director: “Encryption is Essential Tradecraft of Terrorist Groups”
Law enforcement has been making a lot of media headlines as of late in their “war’ on encryption. FBI Director James Comey mentioned how encryption is “essential tradecraft” of terrorist groups, and more requests to access electronic devices will be part of the future. FBI Still Wants To Gain Access To Encrypted Devices. Although it is not the first time debate ensues over what the FBI wants to do, and what consumers feel they should have access to, it looks like there is no end in sight for these discussions. In fact, things may be taken to the next level, as FBI Director James Comey....
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A former counterterrorism analyst for the CIA has found that terrorists are utilizing innovative technologies to boost their funding, one of which is through the use of bitcoin. Yaya Fanusie is the director of analysis for the Foundation for Defense of Democracies’ Center on Sanctions and Illicit Finance (CSIF) who previously spent seven years as both an economic and counterterrorism analyst in the CIA. Writing on The Cipher Brief, he explained how he recently came across a troubling case of innovative terrorist fundraising. According to Fanusie, The Ibn Taymiyya Media Center (ITMC), which....
"Even though the tradecraft is not perfect right now… it's still a fresh market for North Korea," says former CIA analyst Soo Kim. North Korea-backed cyberattacks on crypto and tech firms will only become more sophisticated over time as the country battles prolonged economic sanctions and resource shortages. Former CIA analyst Soo Kim told CNN on July 10 that the process of generating overseas crypto income for the regime has now become a “way of life” for the North Koreans. "In light of the challenges that the regime is facing — food shortages, fewer countries willing to engage with North....
Bitcoin may pose a risk for terrorist financing, according to a new report from the Financial Action Task Force (FATF). In a report entitledEmerging Terrorist Financing Risks, released today, the organisation notes that virtual currencies have "attracted the attention of various criminal groups", including extremist organizations. However, while their use among terror organisations could grow in the short-term, the scale of the threat they pose is unknown and should be researched further, it says. "This report presents a number of interesting cases, but the actual prevalence and level of....
Is bitcoin really the preferred currency of terrorists? You might think so from reading some of the mainstream media headlines. But a recent intergovernmental study on terrorist financing paints a very different picture. The Financial Action Task Force (FATF), a Paris-based, intergovernmental body that develops policies to protect the global financial system against money laundering, terrorist financing and financing of weapons of mass destruction, recently released a report called Emerging Terrorist Financing Risks. There is a small section in the report about virtual currency as a tool....
A new US Treasury Department study reports that bitcoin could possibly be used to fund terrorism but says the actual risk posed remains uncertain. The National Terrorist Financing Risk Assessment, published 12th June, includes virtual currencies on a list of "potential emerging" risks as a tool for funding terrorism, stating that bitcoin "may be vulnerable to abuse by terrorist financiers". The report notes: "Given the attractiveness of virtual currency to conduct illicit financial transactions, the possibility exists that terrorist groups may use these new payment systems to transfer....