This Week in Startups Critical cyber attacks of the last decade + How Jason Calacanis grew the Launch Fund: Angel S6 E7 | E1393
Feb 25, 2022
Delve into the critical world of cybersecurity, exploring major hacks like Colonial Pipeline and how geopolitical tensions heighten risks. Discover innovative ideas, like hiring skilled 'bounty hackers' to defend against attacks on vital infrastructure. Jason shares his journey in launching the LAUNCH Fund, detailing challenges and successes while reshaping venture capital to match media expertise. Learn about the evolution of angel investing and the strategies that can empower startups in today's complex landscape.
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Cyber Warfare's Potential Impact
- Cyber warfare attacks can severely damage critical infrastructure, exceeding our imagination.
- A cyberattack on a NATO country could trigger Article 5, potentially leading to World War III.
Colonial Pipeline Attack
- The Colonial Pipeline ransomware attack, linked to a Russia-linked group, halted gas operations in the Southeastern US in May 2021.
- The Department of Justice later recovered a significant portion of the Bitcoin ransom.
NotPetya Attack
- The NotPetya ransomware attack, attributed to the Russian hacker group Sandworm, caused massive damage to global companies like Maersk and FedEx.
- This attack, originating through a Ukrainian software company, inflicted billions in damages.