ISIS payments system ‘very vulnerable’ to cyberattacks
The head of a payment system for ISIS fighters in Iraq and Syria said the threat from cyberattacks is real and the company is working with authorities to help combat it.
“It is very vulnerable,” said Michael Gartland, head of the International Security Group.
“There are so many different ways in which they can get at your payment information and your financial transactions.”
“So it is a concern and we are working very closely with authorities and other providers.”
In a statement, the company said it was “actively engaged” in working with governments, banks and other companies that provide services for the U.S.-led coalition against ISIS.
“We take this very seriously and are taking appropriate steps to mitigate the risk of compromise,” it said.
Gartland said the payment system works through two different payment methods.
One is by the phone, while the other is by way of the internet.
“The phone payment has to be done by phone and then the person has to wait for the other person to come in to sign the paperwork, which takes about two to three minutes,” he said.
“And then once they have signed the paperwork and then they get to the line to pay, it takes about 30 to 40 minutes for the payment to be processed.”
The ISIS group has long been known for using cash to buy food, fuel and other items in a cash-only format, according to the U