Crime Archive

Collective defense is a coordinated response to a common security problem by two or more countries. The core of collective defense is political: a commitment by different nations to come to each other’s aid if attacked. Existing collective security arrangements for the U.S. and its allies were designed for one kind of threat. Now they must deal with others, including new threats, if they are to remain relevant to national security. In particular, the U.S. and its allies agree that it would be useful to extend collective defense arrangements against potential cyberattacks, but implementation has proven difficult because of the […]

Last week, operators of the Liberty Reserve currency exchange were indicted for laundering $6 billion. Liberty Reserve was part of a growing industry of online payment systems that allow illegal enterprises, from child pornography to weapons trafficking, to move money within an unregulated system, creating a hub for criminal conduct that is both centralized and global. Explaining that the indictment will serve as a temporary blow to money launderers and others moving money on the boundary of legality, Gurpreet Dhillon, a professor of information security at Virginia Commonwealth University’s School of Business, told Trend Lines that digital currencies are here […]