October 31, 2016 | Quoted by Sarah Tate Chambers - Lawfare

Protections Against Digital Bank Robbers

Bonnie and Clyde are a thing of the past. Bank robberies have declined in the past several years, a function in part of improved security measures. Instead, criminals have turned to robbing banks digitally, resulting in the Federal Reserve and other agencies calling on banks to beef up their cybersecurity.

The Ibn Taymiyya Media Center, an online jihadist propaganda unit based out of the Gaza Strip, added the ability to pay in bitcoin to their fundraising drive, according to Yaya Fanusie, the director of analysis for the Foundation for Defense of Democracies’ Center on Sanctions and Illicit Finance. In January, Europol reported that despite third-party reports, law enforcement had not observed terrorists using bitcoin.

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Topics:

Topics:

Gaza Strip