SPECIAL REPORT: CYBER TRENDS IN AFRICAN TERRORIST FINANCING

   Mon, 27 March 2023

Terrorist organisations are making increasing use of cyber networks to facilitate a wide range of activities, including recruitment, propaganda dissemination, communication, and co-ordination, as well as financing. Notably, in the past three years there has been a noted increase in the use of online financial technologies by terrorist organisations – including virtual currencies such as Bitcoin. While Africa-based militant groups show few signs of embracing these technologies in a meaningful way, with the growing use of cryptocurrencies and the strengthening of financial regulatory and monitoring regimes on the African continent, this is likely to change.

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