{"id":13250,"date":"2021-03-17T07:00:00","date_gmt":"2021-03-17T07:00:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2021\/03\/17\/new-economist-intelligence-unit-report-looks-at-the-intersection-of-technology-crime-and-illicit-trade\/"},"modified":"2021-03-17T07:00:00","modified_gmt":"2021-03-17T07:00:00","slug":"new-economist-intelligence-unit-report-looks-at-the-intersection-of-technology-crime-and-illicit-trade","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2021\/03\/17\/new-economist-intelligence-unit-report-looks-at-the-intersection-of-technology-crime-and-illicit-trade\/","title":{"rendered":"New Economist Intelligence Unit report looks at the intersection of technology, crime and illicit trade"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"\">\n                            <!--<a class=\"format-txt\" href=\"{baseURL}\/View\/{release.id}?_download=1\">View this article in .txt format<\/a>--><\/p>\n<ul>\n<li>The<br \/>\nreport focuses on three technologies\u2014encryption, blockchain and 3D printing\u2014and<br \/>\nhow they benefit criminals and law enforcement<\/li>\n<li>The<br \/>\ntension this creates can be resolved on the enforcement side with cooperation<br \/>\nand trust-building<\/li>\n<\/ul>\n<p>HONG<br \/>\nKONG SAR &#8211;\u00a0<a href=\"https:\/\/www.media-outreach.com\/\">Media<br \/>\nOutReach<\/a>\u00a0&#8211;\u00a017 March 2021 &#8211; Advances in technology bring many benefits,<br \/>\nas the speed of development of the covid-19 vaccines demonstrates. But they<br \/>\nalso create new tensions across a host of areas. <a href=\"https:\/\/deliverchange.economist.com\/article\/unintended-consequences-unexpected-benefits\/?utm_source=PR&amp;utm_medium=MediaReachOut&amp;utm_campaign=TechandIllicitTrade&amp;utm_campaign=%ebuy!-MUL_PMISC_DIS_Q1_21_Global_COVID-Illicite-Trade-Article&amp;utm_source=+the+economist_tech-and-illicit-trade-eiu-press-release&amp;utm_medium=paid+display+and+video&amp;utm_b=PMI+Science&amp;utm_c=MUL&amp;utm_ptid=DENT&amp;utm_id=%ebuy!&amp;utm_pid=AWA_DISC&amp;utm_l=en-us&amp;utm_stid=ENG&amp;utm_cgid=(notset)&amp;utm_content=Standard+Display_1x1_en-us&amp;utm_p=ROS_+the+economist_tech-and-illicit-trade-eiu-press-release\"><i>Unintended<br \/>\nconsequences, unexpected benefits: Technology, crime and illicit trade<\/i><\/a>, a report from <a href=\"https:\/\/www.eiu.com\/n\/\">The Economist Intelligence<br \/>\nUnit<\/a>, supported by Philip Morris International, explores those tensions across<br \/>\nthree technologies: encryption, blockchain and 3D printing. <\/p>\n<p><b>Encryption<\/b><\/p>\n<p>Encryption is both a technology that<br \/>\nprotects legitimate interests and one that is open to abuse by malicious actors.<br \/>\nLaw-abiding citizens value the protection offered by encryption to safeguard<br \/>\nprivacy in their daily lives; criminals also value it for safeguarding their illegal<br \/>\nactivities and identities. <\/p>\n<p>\u00a0<\/p>\n<p>The private sector has so far remained<br \/>\nsteadfast in their refusal to share encryption keys with governments and law<br \/>\nenforcement. There&#8217;s little to suggest that stance is going to change soon, if<br \/>\never, since any relaxation is likely to quickly result in users migrating to<br \/>\nother platforms. <\/p>\n<p><b>\u00a0<\/b><\/p>\n<p><b>Blockchain<\/b><\/p>\n<p>Despite its libertarian origins, blockchain<br \/>\nmay emerge as a leading enforcement technology for combating illicit trade. Distributed<br \/>\nledgers can enhance authenticity through a verifiable digital footprint for<br \/>\nbarcodes, serial numbers or cryptographic seals, making it far easier to<br \/>\nidentify fakes and counterfeits at every step of the supply chain. <\/p>\n<p>\u00a0<\/p>\n<p>There were concerns in the early stages of<br \/>\nadoption that the anonymity granted by blockchain would facilitate greater<br \/>\ncriminal activity, especially in the area of money laundering. The evidence<br \/>\nthat existed at the time supported those concerns. Since then, however, studies<br \/>\nhave found that only 2% of bitcoin transactions can be tied to illicit activity<br \/>\nand a 2020 survey of anti-laundering specialists predicted a decrease in use of<br \/>\ncryptocurrencies for the same purpose. \u00a0<\/p>\n<p>\u00a0<\/p>\n<p><b>3D<br \/>\nprinting<\/b><\/p>\n<p>Much has been made of the criminal<br \/>\npotential of 3D printing. Conventional wisdom says 3D printing is a problem for<br \/>\nlaw enforcement to manage, rather than a tool to be leveraged, particularly<br \/>\ngiven its can be used to print weapons. Private sector firms and customs<br \/>\nagencies around the world are developing 3D printing tools to turn the tables, such<br \/>\nas tracking the distinct &#8220;digital fingerprints&#8221; left by individual printers and<br \/>\ncreating replicas of legitimate goods to spot counterfeits. <\/p>\n<p>Chris Clague, the editor of the report,<br \/>\nsays: &#8220;For all the benefits technology can bring to legitimate society, each<br \/>\nnew advance creates new opportunities for criminals to exploit and that of<br \/>\ncourse include the international terrorist organisations and transnational<br \/>\norganised crime networks that engage in illicit trade. As always when it comes<br \/>\nto illicit trade, there are examples of cooperation and trust-building between<br \/>\nthe private sector, governments and international enforcement agencies, but there<br \/>\nis still a lot of work left to be done.&#8221; <\/p>\n<p>Download full<br \/>\nreport <a href=\"https:\/\/deliverchange.economist.com\/article\/unintended-consequences-unexpected-benefits\/?utm_source=PR&amp;utm_medium=MediaReachOut&amp;utm_campaign=TechandIllicitTrade&amp;utm_campaign=%ebuy!-MUL_PMISC_DIS_Q1_21_Global_COVID-Illicite-Trade-Article&amp;utm_source=+the+economist_tech-and-illicit-trade-eiu-press-release&amp;utm_medium=paid+display+and+video&amp;utm_b=PMI+Science&amp;utm_c=MUL&amp;utm_ptid=DENT&amp;utm_id=%ebuy!&amp;utm_pid=AWA_DISC&amp;utm_l=en-us&amp;utm_stid=ENG&amp;utm_cgid=(notset)&amp;utm_content=Standard+Display_1x1_en-us&amp;utm_p=ROS_+the+economist_tech-and-illicit-trade-eiu-press-release\">here<\/a>.<\/p>\n<p><b>\u00a0<\/b><\/p>\n<\/p><\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/release.php\/View\/69008#Contact\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The report focuses on three technologies\u2014encryption, blockchain and 3D printing\u2014and how they benefit criminals and law enforcement The tension this creates can be resolved on the enforcement side with cooperation and trust-building HONG KONG SAR &#8211;\u00a0Media OutReach\u00a0&#8211;\u00a017 March 2021 &#8211; Advances in technology bring many benefits, as the speed of development of the covid-19 vaccines &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/13250"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=13250"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/13250\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=13250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=13250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=13250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}