US continues its take down of Bitcoin entities with indictment of foreign Bitcoin exchange that “banked” many global cyberattackers and processed $9B in payments

The US continued its take down of Bitcoin companies this week with the unsealing of an indictment against BTC-e and Alex Vinnik, and his arrest in Greece. The Indictment against Vinnik and BTC-e was obtained in January 2017, and was sealed until now so that he could be located internationally and arrangements made to effect [...]

G7 to focus on transnational criminal organizations, aviation infrastructure security, terrorist financing

The G7 released a special statement on financial crime, promising to re-double its efforts from the last 12 months on ending financial crime, in particular terrorist financing and international money laundering involving transnational criminal organizations. Every year there is a commitment to these goals but this time, the G7 has promised to turn their statements “into [...]

2017 Worldwide threat assessment – the rule of law is at risk

The Office of the Director of National Intelligence released its annual Worldwide Threat Assessment on May 11, 2017, from the US Intelligence Community and compared to last year, there are many more international threats to world security. The Threat Assessment from the US is a summary of all of the threats facing the US, and [...]

Europol Report highlights increased global cybercriminality, threats with NFC and Blockchain payments

Europol released its 2016 Internet Organized Crime Threat Assessment Report on cybercrime today and the results are more disturbing than last years’ report. The Report can be accessed here. Generally, the Report findings were that the volume and scope of cybercrime has reached very high levels and now surpasses regular non-online crimes. The Report made [...]

American Banker – Why banks should be concerned about hackers taking on counter terrorist financing

In case you missed it, our article in American Banker‘s Bank Think entitled “We Shouldn’t Be Relying on Hackers to Stop Terrorism Financing” can be read here. The article discusses the recent phenomena of hackers in #OpISIS taking down the websites of the Islamic State and their stated promise to go after banks engaged in [...]

Canada’s New Anti-Terrorism Act, 2015 – Bill C51

1. New Anti-Terrorism Act, 2015 The Government of Canada introduced its anticipated anti-terrorism legislation in Parliament. Bill C-51, entitled “An Act to Enact the Security of Canada Information Sharing Act and the Secure Air Travel Act” (the “Anti-Terrorism Act, 2015“) which is intended to arm the government with broader powers to address the increasing threat of terrorism [...]

Sanctions world first ~ US imposes sanctions against North Koreans for private sector and over cyberhack incident

Economic sanctions ordered Today, the US announced it is imposing economic sanctions against certain individuals  and entities in North Korea over the Sony cyberhack. The so-called Sony sanctions appears to represent the first time in history that sanctions have been imposed (a) solely in response for, or over a, private sector dispute / issue; and [...]

From Russia with Love – the elusive female terrorist and Russia’s sweeping new anti-terrorism laws

“From Paris With Love”  In a weird case of real life emulating fiction, the mass hunt for the alleged prospective suicide bomber, the so-called “black widow” of Chechnya, Ruzana Ibragimova, before the Sochi Olympic Games is playing out a little like the film “From Paris With Love“, the fictional story of a beautiful female terrorist [...]

Potential liability over terrorist attacks on critical infrastructure for private and government participants

Terrorists will target critical infrastructure Study after study makes one thing clear – the West remains ill-prepared to defend against a terrorist attack to critical infrastructure. That makes it obviously vulnerable, but it also exposes government agencies and the private sector (who own or manage upwards of 80% of critical infrastructure in some areas), among [...]