a16z Podcast

Cybercrime, Incorporated

Jul 18, 2020
Joel De La Garza, an operating partner at A16Z and former CISO at Box, teams up with Jonathan Lusthaus, an Oxford researcher focused on cybercrime sociology, to dissect the shadowy world of cybercriminals. They dive into how cybercrime has evolved into a profit-driven enterprise and discuss geographical specializations of criminal activities. The conversation explores the branding tactics used by hackers, the fine line between legitimate work and illegality, and how adaptability drives cybercrime in a rapidly changing tech landscape.
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INSIGHT

Cybercrime's Evolution

  • Cybercrime transitioned from hobbyists to organized, profit-driven entities.
  • This shift occurred as valuable assets moved online, creating lucrative targets.
ANECDOTE

Early Cybercrime Marketplaces

  • Early cybercrime marketplaces, like chat rooms, facilitated the trade of stolen data.
  • Negotiations and information exchange occurred openly, demonstrating a pivotal moment in cybercrime's commercialization.
INSIGHT

Carter Planet's Significance

  • Carter Planet's emergence as the first major online marketplace symbolized a shift in cybercrime.
  • It fostered a community of sophisticated actors, primarily from Eastern Europe, who brought technical expertise and business acumen to the field.
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