We Shouldn’t Be Relying on Hackers to Stop Terrorism Financing

The fight against terrorist financing took a fascinating turn last week as several international hacking groups announced plans to target banks, countries and individuals who had helped to finance the Islamic State, also known as ISIS or ISIL, and other terrorist organizations.

The plan, dubbed #OpCharlieHebdo, was formed by groups including Anonymous and Ghost Security in response to the Charlie Hebdo attacks in Paris. It is intriguing and somewhat unsettling that hackers would make decisions about financial institutions’ compliance with counter-terrorism measures. But their efforts underscore the need for governments, banks and regulators to work harder at rooting out the sources of ISIS’s funding.