Episode 128: How Cryptocurrency Is Used for Financial Fraud

In episode 128 of Cybersecurity Where You Are, Sean Atkinson is joined by Joshua Palsgraf, Senior Cyber Threat Intelligence (CTI) Analyst at the Center for Internet Security® (CIS®). Together, they examine how cyber threat actors use cryptocurrency for financial fraud and how professionals like Joshua track this illicit activity. Here are some highlights from our episode:

• 01:35. What a data-driven approach to CTI looks like
• 02:47. What makes cryptocurrency useful in the digital economy, including for financial fraud
• 06:50. How cryptocurrency-related financial crime compares to traditional forms of fraud
• 13:20. Examples of cryptocurrency theft and its use in facilitating ransomware attacks
• 27:24. Tooling and forensic methods that are being used to track crypto fraud/scams
• 31:40. The need to build awareness around financial crime in the digital economy

Resources

• Episode 77: Data's Value to Decision-Making in Cybersecurity
• 2023 Cryptocurrency Fraud Report Released
• 2025 Crypto Crime Trends: Illicit Volumes Portend Record Year as On-Chain Crime Becomes Increasingly Diverse and Professionalized
• Suspected Lazarus subgroup behind DMM crypto heist
• Episode 126: A Day in the Life of a CTI Analyst
• Combatting Ransomware
• Episode 124: The Many Layers of a Malware Takedown Operation

If you have some feedback or an idea for an upcoming episode of Cybersecurity Where You Are, let us know by emailing [email protected].