SAP NS2's Mark Testoni Warns That Terrorists Could Exploit Bitcoin's Anonymity

SAP NS2's Mark Testoni Warns That Terrorists Could Exploit Bitcoin's Anonymity - top government contractors - best government contracting event
Mark Testoni

Mark Testoni, president and CEO of SAP National Security Services, has said he thinks there is only “anecdotal evidence“ about individuals who use bitcoin, Yahoo Finance reported Friday.

Testoni noted that the cryptocurrency's anonymity has made bitcoin an ideal platform for terrorists.

“This is a modern-day version of Swiss bank accounts,“ Testoni said of bitcoins.

“It's very hard to say criminals control 30% or ISIS controls x-percent,“ he added.

Israel-based Meir Amit Intelligence and Terrorism Information Center released in December a study that offered details on a bitcoin donation campaign launched on a website related to the Islamic State militant organization, the report added.

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