The is the ugly truth is that credit card fraud often directly funds terror networks.
One Recent Event: Data from 4 Million credit cards stolen. Recently, Hannaford announced what security experts call a sophisticated attack on their computer network that resulted in the theft of credit and debit card account information. The arrest of Al Qaeda's top cyber terrorist provided hard evidence of their use of stolen credit card data for funding. In one case, terrorist groups use the stolen credit card information to purchase $3 million of materials to carry out terrorist attacks. Al Qaeda's top cyber terrorist 23 year old Younes Tsouli (online name - Irhaby007), recently admitted conspiring to defraud banks, credit card companies and charge card companies.-- Kevin Coleman [13]
In stark contrast, no charges have ever been brought against a terror funding suspect that included any connection to Digital Gold Currency. What is being done by the card companies and banks to prevent future use of card fraud in the funding of terror networks? Surely this is a national security problem and not a petty crime as it is often labeled.
The mastermind behind the international credit card fraud for funding the LTTE terrorist organization has been arrested... He had a large number of Personal Identification Numbers (PIN) and bank receipts issued by both local and foreign banks, amounting to a massive sum of money, over Rs. 100 million, in his possession when he was arrested. In the past, it's been widely reported that Al Qaeda training manuals teach their minions to use credit card fraud as a way to survive in foreign lands. [14]
The next time you read a main stream media article about Digital Gold Currency, which includes ambiguous language like "may be" or "are vulnerable to" please remember the facts. Contact your card company today and ask them what is being done to secure your card and personal information. Let's all work together to prevent the next terror attack from being funded by your stolen credit card.
[1] *http://counterterrorismblog.org/2008/02/terrorists_and_credit_card_fra.php
[2] *http://www.usdoj.gov/ndic/pubs28/28675/index.htm
[3] *http://www.businessweek.com/magazine/content/06_02/b3966094.htm
[4] *http://counterterrorismblog.org/2008/02/terrorists_and_credit_card_fra.php
[5] *http://counterterrorismblog.org/2008/02/terrorists_and_credit_card_fra.php
[6] *http://www.washingtonpost.com/wp-dyn/content/article/2007/07/05/AR2007070501945_pf.html
[7] *http://www.cyberconflict.org/pdf/WilsonNov012005.pdf
[8] *http://www.fatf-gafi.org/dataoecd/28/43/40285899.pdf
[9] *http://www.abc.net.au/4corners/content/2005/s1435556.htm
[10] *http://www.msnbc.msn.com/id/17871485/
[11] *http://www.creditcards.com/credit-card-news/credit-cards-terrorism-1282.php
[12] *http://www.nationmedia.com/dailynation/nmgcontententry.asp?category_id=25&newsid=127163
[13] *http://www.defensetech.org/archives/004105.html
[14] *http://www.defence.lk/new.asp?fname=20080615_03
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