Nov 21, 2021
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On-Demand Webinar: Into the Cryptoverse

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In the span of a few years, cryptocurrencies have gone from laughingstock and novelty to a serious financial instrument, and a major sector in high-tech. The price of Bitcoin and Ethereum has gone from single dollars to thousands, and they’re increasingly in the mainstream.
This is undoubtedly a positive development, as it opens new avenues for finance, transactions, tech developments, and more. Unfortunately, no innovation is without its dark side, and the crypto industry is no exception. A new webinar from XDR provider Cynet (you can see it here) dives deeper into this dark corner to explore the intersection of cybersecurity and cryptocurrency.
The first question is how, exactly, cryptocurrency creates security vulnerabilities for organizations. There’s no single answer, and in many cases, the results are more indirect. This bears closer inspection, and the webinar, led by Cynet CyOps Analyst Ronen Ahdut, studies the different ways cryptocurrencies are used by attackers.
It’s hard to argue that having greater access to financial tools is a bad thing, but the nature of cryptocurrency is ideal for threat actors to leverage against organizations and users. One of the most common ways this occurs is with ransomware.
In the past, ransomware attacks ran the risk of being easily detected – law enforcement can track the movement of fiat currencies through a banking network, and finding the data being stolen wasn’t impossibly difficult. Cryptocurrencies – especially “privacy-focused” ones like Monero make it much harder to track and understand where funds are going, or who is behind them.
Similarly, cryptomining and cryptojacking tools have become incredibly popular tools deployed by malicious actors to leverage victims’ resources and impact their organizations. These new threats require different approaches to confront, and a deeper understanding of how they work.
The webinar discusses:
You can watch the webinar now. Find the on-demand recording here.
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