Association for Defending Victims of Terrorism – Warning about the dire threat from terrorists exploiting emerging digital technologies, from crypto currencies and NFTs to 3D printing and artificial intelligence, New Delhi has proposed holding a meeting of the Security Council’s Counter-Terrorism Committee (CTC) in India to consider ways to tackle the danger comprehensively.
Announcing the proposal on Monday at the Council, India’s Permanent Representative T.S. Tirumurti, who is the chair of the CTC, said: “The need for member states to comprehensively address and tackle the implications of terrorist exploitation of the digital technologies more strategically has never been more dire.”
The meeting “will exclusively focus on this issue and attempt to provide the way forward” in facing the challenges from terrorists adopting new financial technologies to raise and transfer funds and using artificial intelligence and 3D printing for attacks, he said.
“The inter-connected nature of the digital domain requires that solutions to the complex problems and threats emanating from this domain cannot be resolved in isolation.
“There is an underlying need to adopt a collaborative rules-based approach and work towards ensuring its openness, stability and security,” Tirumurti added.
The Permanent Representative also spoke of the dangers from terrorist exploitation of the new financial technologies like virtual currencies, non-fungible tokens (NFTs) that create monetary value out of non-physical entities, crowd-funding platforms and new payment methods like prepaid phone cards, mobile payments and online payment systems.
“The ease of access, anonymity and intractability offered by them have enabled terrorist entities to collect and transfer funds evading the monitoring and enforcement structures.”