Posts Tagged ‘economic warfare’

h1

Money Jihad’s recommended reading

February 27, 2014
  • Despite budgetary hard times, the Palestinian Authority is able to cough up $46 million to terrorist ex-convicts—from your tax payments… more>>
  • Is a financial-cyber war against America already underway?  More>>
  • Sharia law dictates that gambling is haram (unclean), and Sheldon Adelson is Jewish and pro-Israel. Perhaps those are two of the reasons why Adelson’s Las Vegas Sands has been the target of a major cyber attack… more>>
  • New legislation in Turkey threatens to prevent meaningful due diligence by bank compliance officers by suppressing negative information on the Internet… more>>
h1

The money jihad: recommended reading

February 13, 2014
  • A senior Al Qaeda facilitator/financier in Iran is “more active than ever”… more>>
  • Sharia-compliant finance was concocted by the Muslim Brotherhood to undermine the Western financial system and establish the banking backbone of a neo-Caliphate, says the American Center for Democracy… more>>
  • Al Qaeda affiliates have more money than Al Qaeda Central. Time to rethink who’s calling the shots… more>>
  • Sen. Warner says that he knows from the intelligence community that what happened to Target shoppers in its credit card breach “happens daily to financial institutions”… more>>
  • Banks and businessmen should keep an eye on Turkey because it’s still helping Iran evade sanctionsmore>>
h1

Money jihad news: recommended reading

October 3, 2013
  • Cooking the books to cook up a plot? A KMPG accountant who confessed to funding Al Qaeda is sentenced to 18 years in prison… more>>
  • Granting recognition to the “State of Palestine” is more than symbolic; it allows for smuggling contraband into the Palestinian territories under diplomatic cover… more>>
  • While volunteering in a Jerusalem dental clinic, Dr. Wise was severely wounded by three bombs set by Hamas. She’s suing Iran for damages in the first of what will be many new lawsuits filed by Canadian victims of Iranian-sponsored terrorism… more>>
  • One year after the cyber-attacks against our banks by Izz ad-Din al-Qassam, the time has come for your business to brace itself toomore>>
h1

Financial mischief: recommended reading

August 28, 2013
  • Yemen admits that, left to their own devices, donors’ zakat will fund terrorismmore>>
  • Financial crime expert Kenneth Rijock affirms the decision by Barclays to stop doing wiring money to Somalia… more>>
  • After Goldman Sachs, GoDaddy, and NASDAQ snafus, maybe it’s time to acknowledge the threat of economic warfaremore>>
  • Will bitcoin be embraced beyond the anarchist fringe? Laundreymen author Jeffrey Robinson has his doubts… more>>
h1

Pakistan’s covert war on India’s currency

August 14, 2013

Counterfeiting in India isn’t just being perpetrated by small time crooks and gangsters motivated by greed.  It is methodical economic warfare being waged by the government of Pakistan and its spy agency, the ISI.  The Hindu has the details:

Fake currency smuggling: three held

Police say seized fake currency will be sent to Forensic Science Laboratory for examination

The city police found that some ISI agents were smuggling fake currency from Pakistan and Bangladesh into the country. The agents were making efforts to hit the economy of India, said the police.

The Central Zone police arrested Abdul Aleem, a native of Lalagola Town, Musheerabad District of West Bengal and a former journalist Ch. Nandalal Bose in the city recently. Police seized Rs.3 lakh fake currency and Rs.80,000 original cash from them.

IB alert

The arrests were made just a couple of days after the Intelligence Bureau (IB) alerted the police over likely infiltration of suspected terrorists from Bangladesh on trains. The IB also cautioned the police over increasing ISI activities in the country.

During investigation, it was revealed that Aleem was smuggling fake currency using agents from Bangladesh to India in trains.

Middlemen

He had arranged middlemen at different places for circulating the fake notes in the market. Bose, who has financial problems, agreed to exchange the counterfeit currency by taking some amount, said the police.

“The notes seized from the accused were printed in Pakistan or Bangladesh and were smuggled from Malda District (border district of India with Bangladesh). There is a lot of difference between the local fake currency and the ISI counterfeit notes, which almost resembles original currency,” said a police officer investigating the case…

h1

Feds disclose plot against stock exchange

June 27, 2013

It turns out that busted jihadist Khalid Ouazzani wasn’t just financing Al Qaeda.  He and his associates participated in a previously undisclosed, aborted scheme to bomb the New York Stock Exchange and send shock waves through global financial markets in the process.  This revelation came to light in the course of recent congressional testimony about the results of federal intelligence programs.

Kevin Freeman rightly says this case shows that “Our economy is the real target.  The motive is to destroy our economy. So, if our enemies have the means and opportunity to destroy our market, should we be surprised if they try?”

From The Blotter page of ABC News:

Al Qaeda’s Abandoned NY Stock Exchange Plot Revealed

Top U.S. security officials revealed today that the government’s recently exposed surveillance programs led them to an al Qaeda cell that plotted, scouted, but ultimately abandoned a plan to bomb the Wall Street in 2008.

“We found through electronic surveillance that they were actually in the initial stages of plotting to bomb the New York Stock Exchange,” FBI Assistant Director Sean Joyce told the House Permanent Select Committee on Intelligence.

Joyce was testifying alongside high-level U.S. officials, including National Security Agency head Gen. Keith Alexander, before the House Intelligence Committee to defend the NSA’s practice of collecting vast amounts of telephone and internet usage data – programs revealed last week by former NSA contractor Edward Snowden…

The NYSE plot, which had until today been unknown to the public, was centered around an auto parts dealer in Kansas City, Missouri, named Khalid Ouazzani, who pleaded guilty in 2010 for his role in a conspiracy to provide funding to al-Qaeda. At the time of his plea, the complex case against Ouazzani seemed to have little to do with the famous NYSE headquarters on Wall Street in Lower Manhattan, except for a vague reference in his plea agreement that said, “Over a period of years, [Ouazzani] and others discussed various ways they could support al Qaeda.”

The FBI now says Ouazzani was talking to an extremist in Yemen about a terror plot that would strike at the symbolic heart of America’s capitalist system – an attack on Wall Street.

Read the rest of this entry ?

h1

Flash crash and the Obama hoax

May 14, 2013

When a fake news bulletin was distributed after the Associated Press’s Twitter feed was hacked on April 23, the stock market instantly dropped a full 1 percent. 

On his Global Economic Warfare website, Kevin Freeman tackles the implications of the fake tweet on the market, and how market manipulation can be used as a financial warfare tactic.  Read his important posts here and here.  An excerpt follows:

A Single, Man-Made Stock Market Crash is a New-Concept Weapon

Bogus tweet claims president hurt

When the two PLA Colonels wrote Unrestricted Warfare in 1999, they listed “a single man-made stock market crash” as one of three specific new-concept weapons for the 21st Century. They called it financial warfare.

We have been warning about market manipulation for several years, first in our report for the Department of Defense and then in the New York Times Best-Seller, Secret Weapon. Yet, most in the intelligence and defense community know little about the financial markets. And, those who understand the markets generally know little about defense. Unfortunately, our enemies have studied both.

This week, we saw a hacked Twitter account used as a weapon resulting in a mini flash crash for stocks. Even as the market recovered in minutes, estimates are that there was something like $150 or $200 billion lost even if only briefly. We mentioned this in an earlier post.

While any human could clearly see that the White House was not bombed as the hacked tweets claimed, computer algorithms that monitor social media sites could not tell the difference. As a result, massive sell programs began and other high-frequency algorithms picked up on it.

The Syrian Electronic Army claims that they were the source of the false tweet…

Mr. Freeman also included this graphic which showed the plunge in trading.  The person or entity responsible for the planned Twitter forgery could have anticipated the miniature flash crash and hedged against it in order to profit from the hack:

Market nose dive from Twitter hoax

h1

One Algerian’s financial cyber-crime spree

May 7, 2013

Bank robbery cartoon:

Hacker Hamza Bendelladj’s malware infected personal computers in order to steal the financial credentials of unsuspecting users and sell the data to third parties.  If one man with a computer and an Internet connection can operate a scheme like this, just think of what an enemy state actor could accomplish.

This press release comes to us from the U.S. Attorney’s Office and the Atlanta Division of the FBI on May 3 (h/t Douglas McNabb):

Algerian National Extradited from Thailand to Face Federal Cyber Crime Charges in Atlanta for SpyEye Virus

ATLANTA—Hamza Bendelladj, an Algerian national also known as Bx1, will be arraigned on federal cyber crime charges for his role in developing, marketing, distributing, and operating the malicious computer virus SpyEye.

“No violence or coercion was used to accomplish this scheme, just a computer and an Internet connection,” said United States Attorney Sally Quillian Yates. “Bendelladj’s alleged criminal reach extended across international borders, directly into victims’ homes. In a cyber netherworld, he allegedly commercialized the wholesale theft of financial and personal information through this virus which he sold to other cyber criminals. Cyber criminals, take note—we will find you. This arrest and extradition demonstrates our determination to bring you to justice.”

“Hamza Bendelladj has been extradited to the United States to face charges of controlling and selling a nefarious computer virus designed to pry into computers and extract personal financial information,” said Acting Assistant Attorney General Mythili Raman. “The indictment charges Bendelladj and his co-conspirators with operating servers designed to control the personal computers of unsuspecting individuals and aggressively marketing their virus to other international cybercriminals intent on stealing sensitive information. The extradition of Bendelladj to face charges in the United States demonstrates our steadfast determination to bring cyber criminals to justice, no matter where they operate.”

“The FBI has expanded its international partnerships to allow for such extraditions of criminals who know no borders,” stated Mark F. Giuliano, Special Agent in Charge, FBI Atlanta Field Office. “The federal indictment and extradition of Bendelladj should send a very clear message to those international cyber criminals who feel safe behind their computers in foreign lands that they are, in fact, within reach.”

Bendelladj, 24, was indicted by a federal grand jury in Atlanta, Georgia on December 20, 2011. The 23-count indictment charges him with one count of conspiring to commit wire and bank fraud, 10 counts of wire fraud, one count of conspiracy to commit computer fraud, and 11 counts of computer fraud. Bendelladj was apprehended at Suvarnabhumi Airport in Bangkok, Thailand, on January 5, 2013, while he was in transit from Malaysia to Egypt. The indictment was unsealed on May 1, 2013. Bendelladj was extradited from Thailand to the United States on May 2, 2013, and was arraigned in United States District Court before United States Magistrate Judge Janet F. King.

According to court documents, the SpyEye virus is malicious computer code, or malware, which is designed to automate the theft of confidential personal and financial information, such as online banking credentials, credit card information, usernames, passwords, PINs, and other personally identifying information. The SpyEye virus facilitates this theft of information by secretly infecting victims’ computers, enabling cyber criminals to remotely control the computers through command and control (C&C) servers. Once a computer is infected and under the cyber criminals’ control, a victim’s personal and financial information can be surreptitiously collected using techniques such as “web injects,” which allow cyber criminals to alter the display of webpages in the victim’s browser in order to trick them into divulging personal information related to their financial accounts. The financial data is then transmitted to the cyber criminals’ C&C servers, where criminals use it to steal money from the victims’ financial accounts.

The indictment alleges that from 2009 to 2011, Bendelladj and others developed, marketed, and sold various versions of the SpyEye virus and component parts on the Internet and allowed cyber criminals to customize their purchases to include tailor-made methods of obtaining victims’ personal and financial information. Bendelladj allegedly advertised the SpyEye virus on Internet forums devoted to cyber crime and other criminal activities. In addition, Bendelladj allegedly operated C&C servers, including a server located in the Northern District of Georgia, which controlled computers infected with the SpyEye virus. One of the files on Bendelladj’s C&C server in the Northern District of Georgia allegedly contained information from approximately 253 unique financial institutions.

If convicted, Bendelladj faces a maximum sentence of up to 30 years in prison for conspiracy to commit wire and bank fraud; up to 20 years for each wire fraud count; up to five years for conspiracy to commit computer fraud; up to five or 10 years for each count of computer fraud; and fines of up to $14 million…

h1

Money jihad news: recommended reading

April 26, 2013
  • “We know that the financial markets are one of the battlefields on which future wars will be fought.”  So what are we doing about it?  More>>
  • It’s not just the big boys. Increasing cyber-attacks even have your community bank looking over its shouldermore>>
  • As a thief, it doesn’t get any better than pulling off a $97 million heist. Until you realize you’re stuck with a million pieces of paper weighing half a ton stacked 40 stories high… more>>
  • “Lawfare” is used to stifle, intimidate, and discredit those speaking and writing about Islamism, terrorism, and its financing—a fancy way of trying to cut out our tongues… more>>
h1

Money jihad news: recommended reading

April 18, 2013
  • Cyber attacks are often treated as technology news. But now it’s more about bucks than bits… more>>
  • So generous of Venezuela to have given a diplomatic passport Hezbollah agent Ghazi Nasr al Din . How many more operatives like him are immune from baggage searches at customs?  More>>
  • You’re a kidnapped Filipino, and your government won’t pay for your ransom. Why your government is right… more>>
  • The Palestinian Authority denies paying salaries to terrorists in Israeli prisons.  I beg to disagree, says prisoner’s wife… more>>
  • Are the FARC and Al Qaeda partnering in a cocaine-for-cash and weapons trade? And you thought cash-for-clunkers was bad… more>>
h1

Attacks on banks resume

March 12, 2013

Despite the track record of the 60-year Arab League economic embargo of Israel, and despite the Arab oil embargo of the 1970s, some Islamic scholars have said that Islam does not permit economic warfare against infidels.

Yet when it comes to infidel banks that charge interest—a concept forbidden in Islam—many Islamists agree that banks are legitimate targets for robbery or attack, especially if the result of the action will ultimately benefit Islam.  Islamists also rationalize their assaults on Western financial institutions because they believe the banks are “controlled” by Jews.

Is it any wonder then that we’re now seeing a third wave of attacks by Islamist hackers against American financial institutions that began last fall.  From the Global Post on Mar. 7:

Muslim hackers target US banks in third round of cyberattacks

In the third round of what they’re calling Operation Ababil, Muslim hackers belonging to the Izz ad-Din al-Qassam Cyber Fighters are attacking US bank websites and demanding that more copies of the “Innocence of Muslims” YouTube video be removed.

Muslim hackers in the Izz ad-Din al-Qassam Cyber Fighters launched the third phase of their Operation Ababil campaign against US-based banks on Wednesday, making further demands that the YouTube video “Innocence of Muslims” be removed from the web.

Known to many as the Muslim world’s Anonymous, Izz ad-Din issued an ultimatum on Tuesday that their distributed denial of service (DDoS) attacks against American banking institutions would continue unless insults against the Prophet Mohammed were removed from YouTube.

“During runnnig [sic] Operation Ababil Phase 3, like previous phases, a number of american [sic] banks will be hit by denial of service attacks three days a week, on Tuesday, Wednesday and Thursday during working hours,” read the group’s latest statement.

Outages have been reported by customers of Bank of America, Capital One, Citibank, PNC Bank, Union Bank and Wells Fargo, according to Site Down, a website that tracks reported online outages. However, no banks have reported experiencing any issues with their online services.

“At this point, we’ve had no issues on our end,” Bank of America spokesman Mark T. Pipitone told Information Week Wednesday.

Unlike Anonymous, the Izz ad-Din Cyber Fighters seem to abide by strict, self-imposed regulations. During phase two of Operation Ababil, YouTube removed the original version of “Innocence of Muslims” from the site — as promised, the hacker collective ceased attacks once their demands were met.

But new copies of the video have reappeared on YouTube, and the Izz ad-Din Cyber Fighters say they will not tolerate more insults levied against Prophet Mohammed.

“Now at the end of one month time it is seen that other copies of the film yet exist in YouTube so we announce the Phase 3 of Operation Ababil will start this week,” read the group’s statement.

For phase three, Izz ad-Din is using a complex calculation to issue banks an exact dollar amount each will lose in the attacks. Using a combination of the video’s traffic statistics, Izz ad-Din determined that US Banks should pay $874.7 million in compensation.

A loss at that levels requires about 11 weeks of DDoS attacks.

Taking their name from a Syrian preacher that fought against French, British and Zionist elements in the Levant in the 1920s and 1930s, the collective has wrapped itself in the rhetoric of anti-imperialism.

However, the goals of the organization are now limited to removing “Innocence of Muslims” from YouTube. The insults made against Prophet Mohammed served as a catalyst for uniting the collective.

The Izz ad-Din al-Qassam Cyber Fighters collective is the first hacker group that acts in defense of Islam.

Since the founding of the Izz ad-Din al-Qassam collective, several other Muslim hacker groups rose to prominence in attacks carried out against Israeli domains during the Israeli Defense Forces’ assault on Gaza late last year. Muslim hackers from Algeria, Morocco and Pakistan, among others, carried out DDoS attacks and defacement of Israeli domains during the cyberattack campaign.