Incident Response for Crypto Hacks: How to Respond to a Breach in Real-time

The exponential growth of the Internet of Money has created a broad attack surface for threat actors. The same properties that make crypto a force for good — permissionless, programmable, and instantaneous value transfer — are being hijacked by ransomware groups, scammers, and hackers to attack at unprecedented speed and scale.
Hacks have become a part of everyday life in the cryptoverse. In 2022 alone, we have seen nation-state hackers steal hundreds of millions of dollars in crypto, and ransomware groups have been targeting hospitals, critical infrastructure and small businesses. 
This threat calls for a strong response that brings together the public and private sectors to ensure the hardening of cyber defenses and, where this fails, an incident response system to ensure that funds are traced, tracked and recovered.
In this special edition, we will be conducting a tabletop exercise that brings together critical players to depict how to respond to a breach in real-time.
TRM Talks is joined in the incident response war room by Jessica Peck, Prosecutor, U.S. Department of Justice, Alan Cohn, Partner, Blockchain and Cryptocurrency Practice, Steptoe & Johnson LLP, Jonathan Rajewski, North American Head of Cyber Incident Response, Stroz Friedberg, Chris Hoffmeister, Global Investigations, TRM Labs.
This podcast is hosted by TRM Labs, a blockchain analytics company. We blend blockchain data with advanced analytics to help financial institutions and governments fight fraud, money laundering, and financial crime. The TRM Crypto Incident Response team takes a concierge approach to quickly track down stolen funds, leveraging decades of combined experience and market-leading technology. Learn more about these services and reach out for support here: https://www.trmlabs.com/incident-response