On-Demand Webinar: Into the Cryptoverse

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Within the span of some years, cryptocurrencies have gone from laughingstock and novelty to a critical monetary instrument, and a serious sector in high-tech. The worth of Bitcoin and Ethereum has gone from single {dollars} to hundreds, and so they’re more and more within the mainstream.

That is undoubtedly a optimistic growth, because it opens new avenues for finance, transactions, tech developments, and extra. Sadly, no innovation is with out its darkish facet, and the crypto business is not any exception. A brand new webinar from XDR supplier Cynet (you can see it here) dives deeper into this darkish nook to discover the intersection of cybersecurity and cryptocurrency.

The primary query is how, precisely, cryptocurrency creates safety vulnerabilities for organizations. There isn’t any single reply, and in lots of instances, the outcomes are extra oblique. This bears nearer inspection, and the webinar, led by Cynet CyOps Analyst Ronen Ahdut, research the alternative ways cryptocurrencies are utilized by attackers.

Into the mainstream, for higher or worse

It is onerous to argue that having better entry to monetary instruments is a nasty factor, however the nature of cryptocurrency is good for risk actors to leverage in opposition to organizations and customers. Probably the most widespread methods this happens is with ransomware.

Up to now, ransomware assaults ran the danger of being simply detected – legislation enforcement can observe the motion of fiat currencies by means of a banking community, and discovering the information being stolen wasn’t impossibly tough. Cryptocurrencies – particularly “privacy-focused” ones like Monero make it a lot more durable to trace and perceive the place funds are going, or who’s behind them.

Equally, cryptomining and cryptojacking instruments have turn out to be extremely fashionable instruments deployed by malicious actors to leverage victims’ assets and affect their organizations. These new threats require totally different approaches to confront, and a deeper understanding of how they work.

The webinar discusses:

  • The fundamentals of cryptocurrencies and the historical past behind the expertise. To achieve a deeper understanding of how and why cryptocurrencies have turn out to be fashionable amongst risk actors, it is vital to grasp the place they arrive from, and the way their primary construction lends itself to those actions.
  • The intersection of cryptocurrency and cybersecurity. Cryptocurrencies do not exist in a vacuum, and as quickly as they turn out to be potential threats, cybersecurity groups have to react and turn out to be conscious of what the dangers are. The intersection of those two fields is ripe for discovery.
  • The strategies attackers use to infiltrate networks. Most crypto-based assaults aren’t overt brute power incidents. As a substitute, they require subtlety and stealth. To this finish, attackers search for more and more creative methods to infiltrate networks and deploy their payloads lengthy earlier than anybody can detect them.
  • How organizations can defend themselves, and the way Cynet might help. It is not sufficient to know that one thing is occurring. To resolve the problem, organizations want the precise mentality and the right instruments to defend themselves. The webinar will talk about strategies to detect, comprise, mitigate, and defeat these assaults. It’s going to additionally cowl how Cynet might help organizations defend themselves.

You possibly can watch the webinar now. Find the on-demand recording here.



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