The Future of Crypto Crime and the Threat it Poses to - - PowerPoint PPT Presentation

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The Future of Crypto Crime and the Threat it Poses to - - PowerPoint PPT Presentation

Jul 09, 2023 105 likes •616 views

The Future of Crypto Crime and the Threat it Poses to Organizational Security CHARLES STOCKWELL | THE SECURITY STRONGHOLD CRYPTO CRIME IS STARING US IN THE FACE...and its just a child CRYPTO CRIME EXPEDITION FUTURE PAST PRESENT (my

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The Future of Crypto Crime

and the Threat it Poses to Organizational Security

CHARLES STOCKWELL | THE SECURITY STRONGHOLD

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CRYPTO CRIME IS STARING US IN THE FACE...and it’s just a child

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CRYPTO CRIME EXPEDITION

PAST PRESENT FUTURE

(my utopian city where there is no crypto crime)

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CRYPTOPIA

  • Free Of All Crypto Crime
  • Runs On Blockchain & AI
  • ICO Next Week For CryptoCoin

Cryptocurrency - “The World’s Most Redundant Cryptocurrency”

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CRYP·TO CRIME /krip-toh, krīm/

noun

noun: crypto-crime criminal activities carried out by means of systems or programs related to cryptography

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RANSOMWARE CRYPTOJACKING ICO SCAMS CRYPTO THEFT CRYPTO PHISHING MONEY LAUNDERING

HONORABLE MENTION: Cryptographic Attacks

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PAST

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IN RETROSPECT

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MOORE’S LAW GARTNER HYPE CYCLE

TECHNOLOGY ADVANCEMENT

TIME DEVELOPMENT AND USE OF TECHNOLOGY

A RECURRING TREND

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RANSOMWARE

THE INCEPTION

AIDS TROJAN - 1989

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IMPACTS

  • PATIENT ZERO
  • THEFT
  • SYSTEM COMPROMISE
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MITIGATION

  • ANTIVIRUS
  • UPDATES
  • BACKUPS
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PRESENT

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UNDERSTAND THE ADVERSARY

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THREAT ACTORS

Nation States Criminals

VS.

APT

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RANSOMWARE

THE RISE

2009 - PRESENT

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EVOLUTION

2013+

RAPID GROWTH

2009

BITCOIN WAS INVENTED

2005

ARCHIEVUS

1989

FIRST RANSOMWARE ATTACK

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ADAPTATIONS

  • INFECTION
  • COMMUNICATION + ENCRYPTION
  • EXTORTION
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EXAMPLES

POWERWARE CERBER GRANDCRAB RYUK BADRABBIT

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IMPACTS

  • LOSS OF DATA
  • DISRUPTED OPERATIONS
  • FINANCIAL LOSS
  • POTENTIAL HARM TO COMPANY REPUTATION
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MITIGATION

  • BACKUPS
  • SECURE NETWORK DESIGN
  • SECURITY AWARENESS TRAINING
  • DISASTER RECOVERY
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CRYPTOJACKING

THE NEW KID ON THE BLOCK

CRYPTOCURRENCY GOLD RUSH

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ADAPTATIONS

  • MORE MONEY | LESS RISK
  • A BETTER BUSINESS MODEL
  • EASE
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EXAMPLES

  • FACEXWORM
  • WinstarNssmMiner
  • GITHUB
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IMPACTS

  • DECREASED PERFORMANCE
  • INCREASED ELECTRICITY USE
  • EXCESSIVE HEAT
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MITIGATION

  • RESOURCE MONITORING
  • AD BLOCKING | ANTI-CRYPTOMINING
  • SECURITY AWARENESS TRAINING
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MONEY LAUNDERING

A NEW BATTLEFRONT

THE GREAT RACE CONTINUES

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ADAPTATIONS

  • ALTCOINS AND ZERO-PROOF
  • MIXING SERVICES
  • CURRENCY FLIPPING
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EXAMPLES

  • DRUGS
  • MORPHEUS TITANIA
  • ISRAEL
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IMPACTS

  • EASIER TO WASH MONEY
  • FUNDING MALICIOUS ACTORS
  • REGULATIONS
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MITIGATION

  • ANOMALY DETECTION
  • COORDINATED EFFORTS
  • REGULATIONS
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FUTURE

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WELCOME TO CRYPTOPIA

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I HAVE A CONFESSION TO MAKE

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USING PAST EXPERIENCES TO PREDICT THE FUTURE PARADIGM

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UNKNOWN UNKNOWNS

THE FUTURE OF CRYPTO CRIME

KNOWN UNKNOWNS PREDICTIONS

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RANSOMWARE

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RANSOMWARE OUTLOOK

IOT

DOXING

OPERATIONAL TECHNOLOGY SMART TRANSPORTATION CREATIVITY

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FUTURE RANSOMWARE IMPACTS

INCREASING THREAT SURFACE RESOURCES FOR REPUTATION MANAGEMENT ADAPT OR DIE MENTALITY A NEED TO UNDERSTAND YOUR ECOSYSTEM PREPARE TO BE COMPROMISED

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CRYPTOJACKING

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GROWTH

LEGITIMATE USES

INSIDER THREATS

CRYPTOJACKING OUTLOOK

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FUTURE CRYPTOJACKING IMPACTS

HARDER TO DETECT MORE PREVALENT VOLATILITY

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MONEY LAUNDERING

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GREATER COMPLEXITY

CHANGING FOCUS

MONEY LAUNDERING OUTLOOK

FACILITATION

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COLLABORATION A NEW FRONT INVESTING IN SKILLS

FUTURE MONEY LAUNDERING IMPACTS

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FUTURE CRYPTO CRIME MITIGATION FORMULA

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THE SECRET SAUCE

UNDERSTAND YOUR ADVERSARY APPLIED FUNDAMENTALS FOCUS ON THE BIG WINS

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“MOTIVATING THOUGHTS”

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THANK YOU

CHARLES STOCKWELL

CEO THE SECURITY STRONGHOLD charles@ thesecuritystronghold.com THESECURITYSTRONGHOLD.COM

  • Security Awareness Training
  • Incident Response
  • Security Assessments
  • Managed Services