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.

  • Stronger Than Dirt

    I’m not surprised at all. Just one theory : most naturalized, law-abiding citizens have no idea that they have been investigated for criminal activity (FINTRAC) when cashing in something like an inheritance cheque from an insurance company (perhaps if they have ever been critical of police policies or dubious activities and it is noticed or found out) but if your name is say, osama bin laden, chances are you won’t be investigated because that’s racist. Thank-you outreach, *sarcasm off*

  • It is a sad state of affairs when the hackers are ahead of government officials in dealing with jihad funding banks.

    Hackers – go get them.

    • Stronger Than Dirt

      Perhaps the public would shocked to know who is supporting / aiding / looking the other way, etc with whom.