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

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 it’s just a child

CRYPTO CRIME EXPEDITION FUTURE PAST PRESENT (my utopian city where there is no crypto crime)

CRYPTOPIA ● Free Of All Crypto Crime ● Runs On Blockchain & AI ● ICO Next Week For CryptoCoin Cryptocurrency - “The World’s Most Redundant Cryptocurrency”

CRYP·TO CRIME /krip-toh, kr ī m/ noun noun: crypto-crime criminal activities carried out by means of systems or programs related to cryptography

CRYPTO PHISHING RANSOMWARE CRYPTOJACKING ICO SCAMS CRYPTO THEFT MONEY LAUNDERING HONORABLE MENTION: Cryptographic Attacks

PAST

IN RETROSPECT

A RECURRING TREND TECHNOLOGY ADVANCEMENT DEVELOPMENT AND USE OF TECHNOLOGY TIME MOORE’S LAW GARTNER HYPE CYCLE

RANSOMWARE THE INCEPTION AIDS TROJAN - 1989

IMPACTS ● PATIENT ZERO ● THEFT ● SYSTEM COMPROMISE

MITIGATION ● ANTIVIRUS ● UPDATES ● BACKUPS

PRESENT

UNDERSTAND THE ADVERSARY

THREAT ACTORS Nation States Criminals VS. APT

RANSOMWARE THE RISE 2009 - PRESENT

EVOLUTION FIRST RANSOMWARE BITCOIN WAS ATTACK INVENTED 1989 2009 2005 2013+ ARCHIEVUS RAPID GROWTH

ADAPTATIONS ● INFECTION ● COMMUNICATION + ENCRYPTION ● EXTORTION

EXAMPLES POWERWARE CERBER RYUK BADRABBIT GRANDCRAB

IMPACTS ● LOSS OF DATA ● DISRUPTED OPERATIONS ● FINANCIAL LOSS ● POTENTIAL HARM TO COMPANY REPUTATION

MITIGATION ● BACKUPS ● SECURE NETWORK DESIGN ● SECURITY AWARENESS TRAINING ● DISASTER RECOVERY

CRYPTOJACKING THE NEW KID ON THE BLOCK CRYPTOCURRENCY GOLD RUSH

ADAPTATIONS ● MORE MONEY | LESS RISK ● A BETTER BUSINESS MODEL ● EASE

EXAMPLES ● FACEXWORM ● WinstarNssmMiner ● GITHUB

IMPACTS ● DECREASED PERFORMANCE ● INCREASED ELECTRICITY USE ● EXCESSIVE HEAT

MITIGATION ● RESOURCE MONITORING ● AD BLOCKING | ANTI-CRYPTOMINING ● SECURITY AWARENESS TRAINING

MONEY LAUNDERING A NEW BATTLEFRONT THE GREAT RACE CONTINUES

ADAPTATIONS ● ALTCOINS AND ZERO-PROOF ● MIXING SERVICES ● CURRENCY FLIPPING

EXAMPLES ● DRUGS ● MORPHEUS TITANIA ● ISRAEL

IMPACTS ● EASIER TO WASH MONEY ● FUNDING MALICIOUS ACTORS ● REGULATIONS

MITIGATION ● ANOMALY DETECTION ● COORDINATED EFFORTS ● REGULATIONS

FUTURE

WELCOME TO CRYPTOPIA

I HAVE A CONFESSION TO MAKE

USING PAST EXPERIENCES TO PREDICT THE FUTURE PARADIGM

THE FUTURE OF CRYPTO CRIME PREDICTIONS KNOWN UNKNOWNS UNKNOWN UNKNOWNS

RANSOMWARE

RANSOMWARE OUTLOOK CREATIVITY DOXING IOT OPERATIONAL SMART TECHNOLOGY TRANSPORTATION

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

CRYPTOJACKING

CRYPTOJACKING OUTLOOK INSIDER LEGITIMATE GROWTH THREATS USES

FUTURE CRYPTOJACKING IMPACTS HARDER TO DETECT MORE PREVALENT VOLATILITY

MONEY LAUNDERING

MONEY LAUNDERING OUTLOOK GREATER CHANGING FACILITATION COMPLEXITY FOCUS

FUTURE MONEY LAUNDERING IMPACTS COLLABORATION A NEW FRONT INVESTING IN SKILLS

FUTURE CRYPTO CRIME MITIGATION FORMULA

THE SECRET SAUCE APPLIED UNDERSTAND FOCUS ON THE FUNDAMENTALS YOUR ADVERSARY BIG WINS

“MOTIVATING THOUGHTS”

THANK YOU CHARLES THESECURITYSTRONGHOLD.COM STOCKWELL ● Security Awareness Training ● Security Assessments ● Incident Response ● Managed Services CEO charles@ thesecuritystronghold.com THE SECURITY STRONGHOLD