Ep. 4: The Truth About Illicit Activity and Analytics in Crypto (pt. 2 of 2)

Seize & Desist

29-03-2024 • 31 mins

“The fact that criminals now, a decade and a half into this ecosystem existing, can still successfully launder on a public ledger is kind of horrifying”


In this sequel episode of "Seize & Desist," Aidan Larkin is back with cybersecurity expert Carole House to continue their discussion on the challenges and potential solutions surrounding illicit finance in the crypto sector.


They delve into the decentralized nature of crypto, address the persistent underestimation of cyber threats posed by state-sponsored actors such as North Korea and examine the challenges inherent in our existing countermeasures against the sophisticated use of cryptocurrency in ransomware-as-a-service models.


They also touch on the centralized nature of stablecoins, the importance of responsible innovation and the need for the crypto industry to step up when it comes to compliance.


Timestamps

2 | Carole’s major role in public sector policy in crypto and background

13 | Blockchain analytics firms only capture a floor of illicit activity, not the ceiling

20 | The effectiveness of regulations in combating crypto-related crimes

26 | The ongoing debate of surveillance tools and a decentralised crypto society

31 | Lack of regulation and industry responsibility internationally

35 | Info sharing and other lessons from cybersecurity


Resources Mentioned:


About our Guest:

Carole House is a cybersecurity and risk management specialist with a background in U.S. military intelligence.


Throughout her decorated career, she has held several senior positions in the government, including Senior Cyber and Emerging Tech Policy Officer at the US Treasury; Head of Virtual Assets at FinCen and Director of Cybersecurity and Secure Digital Innovation at the White House. In these roles, she spearheaded initiatives to strengthen digital infrastructure and counter cyber-enabled national security threats.


Carole currently serves as the Executive in Residence at Terranet Ventures, where she advises start-ups and non-profits on strategies to protect against emerging cyber threats.


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