Aug 1, 2021
Cybersecurity, Disruption, Blockchain & Terrorism w Ari Redbord of TRM Labs
- BRT S02 EP31 (78) 8-1-2021
What We Learned This Week
- Cybersecurity is extremely important industry for national security
- TRM Labs startup in cyber-security, monitors blockchain
- OFAC - Gov’t administers economic and trade sanctions
- Ransomeware – specific breach, takeover of a computer system, holds data hostage
- Programatic Money Laundering – bad guys create new addresses, create ‘shell’ companies
Guest: Ari Redbord, Head of Legal and Government Affairs w/ TRM Labs
https://www.linkedin.com/in/ari-redbord-4054381b4/
https://www.trmlabs.com/post/trm-labs-appoints-ari-redbord-as-head-of-legal-government-affairs
Ari is formerly a US Attorney, and worked in the Treasury Department, now advises the Government on cybersecurity, and Blockchain.
Cybersecurity is a fast growing and extremely important industry for national security, and corporate interests. There are Nation States acting as bad players in the cyber realm and targeting the US Government and US business. We discuss the advancements in technology on cyber crime, blockchain, crypto, and online fraud.
How is the FBI dealing with Ransomware, and other cyber attacks on prime targets like the Colonial Pipeline, or other big corps. What Regulations are coming in banking, and Fintech, with KYC (Know Your Customer), plus the big banks like JP Morgan Chase and Goldman are on board.
What the blockchain ledger can help solve in security, to monitor criminal activity in real time with the help of crypto exchanges like Coinbase. Lastly, what TRM Labs does for clients, how they advise, operate, and who they work with.
Notes:
TRM Labs – blockchain security biz, works with law enforcement and businesses. Financial exchanges and Regulators. Monitor cyber-security - TRM – startup, 3 yrs old, Ari joined 2021. Monitor risk in crypto currency.
OFAC – The Office of Foreign Assets Control ("OFAC") of the US Department of the Treasury administers and enforces economic and trade sanctions based on US foreign policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy or economy of the United States.
Finfin – regulator in cyber space and regular banking
Government response to cybersecurity - 1st post 9/11 moment and new threat. Digilal battleground and cyber war.
Cyber attack – overarching any cyber security breach.
Ransomeware – specific breach, takeover of a computer system, holds data hostage. Example: Lazorous Group – Nation State Actors. North Korea trackers steal money and crypto currency, steal data, Personal Identity Info (PII)
TRM Blockchain – Network of computers that have open network – track crypto currency codes & addresses and tie them to exchanges like Coinbase
Datascience and Machine Learning
Programatic – money laundering – bad guys create new addresses, create ‘shell’ companies
Wack-a-mole – process of chasing criminals, get one, another appears in fiat world
MB on Disruption via the Clayton Christensen book, The Innovator’s Dilemma
- a business book classic that explains the power of disruption, why market leaders are often set up to fail as technologies and industries change and what incumbents can do to secure their market leadership for a long time.
Tech Topic: https://brt-show.libsyn.com/category/Tech-Startup-VC-Cybersecurity-Energy-Science
‘Best Of’ Topic: https://brt-show.libsyn.com/category/Best+of+BRT
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