The Latest - Cyber and FinTech

Cyber and FinTech Latest Articles

12th January 2018 – FDD’s Center on Sanctions and Illicit Finance Research Memo

Bitcoin Laundering: An Analysis of Illicit Flows into Digital Currency Services

Yaya J. Fanusie

Bitcoin gambling sites, “mixers” and European Bitcoin exchange may be the destinations of choice for criminals looking to launder bitcoins, according to a study issued today by the Foundation for Defense of Democracies’ (FDD) Center on Sanctions and Illicit Finance (CSIF) and cryptocurrency analytics firm Elliptic. more...

6th November 2017 – The Hill

US Treasury takes on terrorism: Non-kinetic warfare that works

Jonathan Schanzer

America’s foreign policy challenges are mounting. From North Korea and Iran to ISIS and Russia, the news cycle churns with reports of new threats and new concerns. more...

20th September 2017 – FDD Policy Brief

Regulators Struggling to Handle Illicit Finance Risks of Fintech Innovation

Yaya J. Fanusie

Earlier this month, China’s financial authorities issued a ban on Initial Coin Offerings (ICOs), a crowdfunding method through which business ventures raise capital by selling newly-created cryptocurrencies to the public. more...

16th August 2017 – The Cipher Brief

Expelling Digital Demons from U.S. Sensitive Supply Chains

Samantha F. Ravich

The open manner with which U.S. national security enterprises bid for goods and services can be exploited by U.S. adversaries seeking to inject counterfeit or malicious components into sensitive electronic hardware. more...

14th August 2017 – The Hill

Blockchain technology may give Russia its next Sputnik moment

Yaya J. Fanusie, Boris Zilberman

Using blockchain technology, Russia may have just taken a massive leap forward in cryptography that needs more attention. more...

19th July 2017 – FDD Policy Brief

Congress and the Administration Need to Reinvigorate HIFPA

Tyler Stapleton

Although it signed HIFPA into law, the Obama administration did not fully leverage its provisions. But now Congress and the executive branch have the opportunity to implement the legislation fully and use both HIFPA and all other tools at the disposal of the U.S. government to pursue Hezbollah operatives and financiers around the globe, including in the Western Hemisphere. more...

11th July 2017 – FDD Research Memo

Leveraging Blockchain Technology to Protect the National Security Industrial Base

Samantha F. Ravich

Cyber-enabled economic warfare is not limited to the use of digital networks for surveillance, theft, and sabotage. An emerging national security challenge related to the globalization of manufacturing supply chains is the phenomenon of attacks in which substandard, counterfeit, or maliciously-modified electronic components are introduced into the hardware on which the national security industrial base (the “NSIB”) operates. more...

12th June 2017 – Fifth Domain

The growing North Korean cyber threat

Samantha F. Ravich , Anthony Ruggiero

North Korea terrorized a U.S. company, attempted a major cyber bank heist, launched its ransomware across the world, and is now implicated in a cyberattack against the very UN panel charged with investigating the Kim regime’s attempts to evade nuclear sanctions levied by the world body. more...

11th June 2017 – The Cipher Brief

Will A New Generation of Terrorists Turn to Bitcoin?

Yaya J. Fanusie

No, not if by significant you mean signs that multiple terrorist organizations are using virtual currencies as a consistent way to receive or transfer funds. more...

21st May 2017 – The Cipher Brief

China Reaches into its Cyber Toolkit to Wage Economic Warfare

Samantha F. Ravich

When Beijing got the word that the United States was accelerating the deployment of its Terminal High Altitude Area Defense (THAAD) system to South Korea as a response to North Korea’s latest missile tests, senior Communist Party officials went, no pun intended, ballistic. The official Chinese news agency Xinhua wrote that the deployment of THAAD will lead to an increased arms race in the region and threatened that more “missile shields of one side inevitably bring more nuclear missiles of the opposing side that can break through the missile shield.” more...

23rd February 2017 – FDD Research

Framework and Terminology for Understanding Cyber-Enabled Economic Warfare

Framework and Terminology for Understanding Cyber-Enabled Economic Warfare

Samantha F. Ravich , Annie Fixler

The world is witnessing a new kind of war, fought not with bullets but with banknotes and bytes. Although the use of economic aggression against an adversary traces nearly as far back as the creation of economic systems – economic success can breed economic competition which in turn can become intertwined with adversarial relations – over time, economic warfare tactics have evolved. more...

6th February 2017 – FDD Press

Securing American Interests: A New Era of Economic Power

American economic power has become an increasingly critical national security tool in recent years. For well over a decade, the United States has leveraged the size of its economy, the centrality of the dollar, and America’s ability to set economic and financial global standards and norms to drive its national security goals. more...

1st December 2016 – The Hill

Blockchain tech is our financial future — America can get ahead of it

Yaya J. Fanusie

It may not have the sexiest of titles, but the new Congressional Blockchain Caucus could not have come at a better time. more...

24th August 2016 – The Cipher Brief

The New Frontier in Terror Fundraising: Bitcoin

Yaya J. Fanusie

When I worked as a counterterrorism analyst for the CIA, I always looked out for signs of terrorist groups adapting their methods. Now, as someone outside of government who analyzes how nefarious groups fund themselves, I am concerned about terrorists using innovative technologies to bolster their finances. And I recently came across a troubling case of terrorist financial innovation. more...

12th August 2016 – Research Memo

Russia and the 2016 U.S. Presidential Election

Russia and the 2016 U.S. Presidential Election

Pasi Eronen

For a decade, Russian President Vladimir Putin has been working to overturn pillars of the post-war political and economic order in Europe. Among attacks aimed at bolstering Moscow’s strategic position, Russian intelligence agencies have funded extremist political parties that challenge the status quo, spread propagandized news to incite Russian-speaking immigrants in Europe, and invaded and annexed territory belonging to Russia’s neighbors. more...

25th July 2016 – Overt Action

Information Sabotage Erodes Trust, Decisionmaking & The Mission–and There’s No Way to Prevent It

Pasi Eronen

Cyber espionage represents “the greatest transfer of wealth in history,” the former NSA director, Gen. Keith Alexander stated back in 2012. NSA’s current director, Adm. Michael Rogers, remains more concerned about trustworthiness of the data used by the military and the private sector entities for making decisions. more...

2nd June 2016 – FDD Press

Russian Hybrid Warfare: How to Confront a New Challenge to the West

Russian Hybrid Warfare: How to Confront a New Challenge to the West

Pasi Eronen

In 2013, General Valery Gerasimov, chief of Russia’s Armed Forces, publicly unveiled a fresh idea. In what came to be called the Gerasimov Doctrine,1 he described “new-generation” warfare – pre-emptive operations employing a mixture of nonmilitary and military measures to achieve political goals, deploying all elements of society. more...

29th February 2016 – Quartz

A former CIA analyst explains how tech companies can help fight terrorism

Yaya J. Fanusie

US government officials and political candidates are increasingly criticizing Silicon Valley for not doing enough to prevent terrorists from capitalizing on technology. more...

7th July 2015 – FDD Press

‘SWIFT’ Warfare

‘SWIFT’ Warfare

Annie Fixler , Mark Dubowitz, Juan Zarate

Economic warfare is now the default instrument of coercive statecraft for confronting challenges to the international order. Sanctions have become President Barack Obama’s weapon of choice to combat Iran’s nuclear program, Russia’s invasion of Ukraine, the Assad regime in Syria, and the financing of terrorist groups such as the Islamic State, al-Qaeda, and others. more...

7th July 2015 – FDD Press

The Cyber Financial Wars on the Horizon

The Cyber Financial Wars on the Horizon

Juan Zarate

Cyberattacks and intrusions threaten U.S. private sector institutions on a daily basis. more...

Experts

Samantha F. Ravich

CSIF Board of Advisors, Senior Advisor

Yaya J. Fanusie

Center on Sanctions and Illicit Finance - Director of Analysis

Annie Fixler

Policy Analyst

Juan Zarate

Center on Sanctions and Illicit Finance - Chairman and Senior Counselor

Events

18th November 2016 - 8:30 AM

Cyber Warfare in the Next Administration

The Foundation for Defense of Democracies’ (FDD) Center on Sanctions and Illicit Finance (CSIF) hosted a breakfast discussion with former Director of the CIA and the NSA General Michael Hayden Friday, November 18, from 8:30am to 9:45am. He was in conversation with Dr. Samantha Ravich, CSIF Board Member and Senior Advisor focused on cyber-enabled warfare.