Click Here cover image

Click Here

Mic Drop: The demise of ransomware and the rise of crypto

Jan 3, 2025
In this intriguing discussion, Alexander Leslie, a threat intelligence analyst at Recorded Future, dives into the dramatic changes in cybercrime. He reveals how 2024 was a pivotal year for takedowns, especially against the notorious Lockbit group. Leslie explains the shifting strategies of cybercriminals in response to intensified law enforcement pressure. The conversation also highlights the delicate balance between cryptocurrency regulations and cybercrime, emphasizing how political views are evolving and what this means for the future of ransomware.
13:36

Podcast summary created with Snipd AI

Quick takeaways

  • The successful takedown of the Lockbit group marked a pivotal turning point in combating ransomware, forcing cybercriminals to adapt their strategies significantly.
  • As public understanding and regulatory scrutiny of cryptocurrency increase, its diminishing anonymity could undermine the operational effectiveness of cybercriminals in the future.

Deep dives

Law Enforcement Gains the Upper Hand

In 2024, significant progress was made in the fight against ransomware, particularly with the takedown of the Lockbit group. This notorious cybercriminal organization was known for providing ransomware as a service, making cybercrime accessible to many. Law enforcement agencies from multiple countries, including the U.S. and U.K., successfully infiltrated Lockbit, seizing their servers and source code while arresting key members. This operation resulted in a substantial restructuring of how cybercriminals operate, prompting them to change their strategies to evade future law enforcement actions.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode