The Human Risk Podcast8 Kesä 2024

Geoff White on Rinsed - Money Laundering in a Digital World

How is technology impacting money laundering? On this episode, I'm welcoming investigative journalist Geoff White back onto the show.

In 2022, Geoff joined me to talk about his book and podcast The Lazarus Heist, the story of how North Korean hackers launched an attack on Sony Pictures in 2014.

This time, he's back to talk about his brand new book 'Rinsed' which looks at money laundering in a digital world.

In it, Geoff explores how thieves who steal digital money that’s highly traceable, launder it so that they can make use of it?

In a wide-ranging disucssion, we also talk about Geoff’s work as an investigative reporter — how does he get his information, what are the risks in doing what he does and you’ll hear the astonishing reasons why people you might not expect would want to talk to him, actually do.

Links
Hear Geoff's previous appearance on the show talking aboiut The Lazarus Heist:
https://www.humanriskpodcast.com/geoff-white-on-the-lazarus-heist/

His BBC World podcast of the same name - https://www.bbc.co.uk/programmes/w13xtvg9/episodes/downloads

Learn more about his new book 'Rinsed' - https://www.penguin.co.uk/books/455031/rinsed-by-white-geoff/9780241624838

Geoff's website - https://geoffwhite.tech/

Timestamped Notes (generateed by AI)

[00:00:00] - Introduction

Christian welcomes Geoff White back to the podcast.
Geoff's new book "Rinsed" and updates since his last appearance.

[00:01:00] - North Korea's Cyber Activities

Discussion on North Korea's cyber operations and the Axie Infinity hack.
The scale and speed of the $625 million cryptocurrency theft.

[00:02:00] - Money Laundering Techniques

The importance of money laundering in cybercrime.
How hackers collaborate with financial experts to launder money.

[00:03:00] - Evolution of Money Laundering

The shift from traditional cash-based laundering to digital methods.
Examples of how different criminal groups use technology to launder money.

[00:04:00] - Money Laundering as a Service

The concept of "Money Laundering as a Service."
Comparison with "Hacking as a Service."

[00:05:00] - Classic Money Laundering Stages

Explanation of the three stages: placement, layering, and integration.
Historical context with examples from the 1980s.

[00:09:00] - Digital Era of Money Laundering

Challenges of tracing digital money.
The global nature of digital money laundering and its implications.

[00:10:00] - International and Technological Aspects

How criminals use technology to launder money across borders.
The role of cryptocurrency in modern money laundering.

[00:13:00] - Role of Financial Institutions

The involvement of traditional financial institutions in money laundering.
How compliance teams can combat these activities.

[00:14:00] - Investigating Money Laundering

Geoff's research methods and challenges in uncovering these stories.
The importance of firsthand accounts and digital breadcrumbs.

[00:17:00] - Notable Cases

Key cases from Geoff's book, including the Axie Infinity hack and others.
The significance of technology in these crimes.

[00:20:00] - Interaction with Law Enforcement

Experiences with law enforcement agencies during investigations.
The case of the Instagram influencer Hushpuppi.

[00:23:00] - Personal Safety and Cyber Risk

Geoff's approach to managing personal cyber risk.
The importance of separating public and private online personas.

[00:26:00] - The WannaCry Ransomware Attack

Challenges in tracing ransomware payments.
A specific investigation into the WannaCry attack.

[00:28:00] - Future of Cyber Risk

Geoff's views on the future of cyber risk and AI.
The potential for AI to assist both criminals and investigators.

[00:34:00] - Regulation and Technology

The need for proactive regulation in tech and finance.
Challenges faced by regulators in keeping up with rapid technological advancements.

[00:40:00] - Title and Cover of the Book

The process behind choosing the book's title, "Rinsed."
Importance of a compelling cover and subtitle.

[00:42:00] - Continuous Learning in Cybercrime

The evolving nature of cybercrime stories.
The impact of new developments on the book's content.

[00:46:00] - Tech Enablers and Libertarian Views

Common traits among tech enablers in money laundering.
The vision of a new world driven by innovative financial technologies.

[00:51:00] - Advice for Regulators

Geoff's perspective on how regulators can keep pace with technological change.
The balance between enabling innovation and preventing crime.

[00:55:00] - Conclusion

Geoff's final thoughts and a reminder about his book "Rinsed."
Encouragement to support local bookstores through Bookshop.org.

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(368)

Will Tarrant on Service: Closing the gap between brand promise and reality

What makes great service? It’s one of those things we instantly recognise when we experience it, but struggle to define. And while organisations spend huge amounts of time trying to design seamless cu...

8 Touko 1h

Dr Carissa Véliz on Prophecy

What if prediction isn’t about knowing the future, but controlling it? On this episode, I'm joined by a leading thinker on digital ethics, privacy and technology to explore the idea of prophecy.Episo...

25 Huhti 1h 2min

Dr C Thi Nguyen on How to stop playing someone else's game

We like to think we choose what matters. But what if the goals we’re chasing… aren’t actually ours?Episode Summary My guest on this episode is Dr. C. Thi Nguyen, philosopher and author of The Score: H...

12 Huhti 1h 8min

Phil Dobson on Cognitive Leadership

We tend to assume that if we’re working hard, we’re working well. But what if that isn’t true?Episode SummaryMy guest on this episode is Phil Dobson, author of The Brain Book and founder of Brain Work...

4 Huhti 1h 9min

Professor Mark Stoyle on The Western Rising of 1549

What lessons does a religious protest that led to an uprising in 1549 have to do with human risk?At first glance, not very much. It’s easy to see it as a distant historical event — something about re...

22 Maalis 1h 4min

Jeffrey Ludlow on What A Sign Is...

What exactly is a sign? At first glance, that might sound like a strange question. Signs are everywhere: telling us where to go, what to do, what not to do, and sometimes what might happen if we igno...

14 Maalis 1h 4min

Marc Ross on The Art of The Negroni

What Can a Cocktail Teach Us About Curiosity and Creativity? At first glance, documenting Negronis around the world might sound like a frivolous hobby. But could a simple cocktail become a vehicle for...

7 Maalis 45min

Tom & Sue Hardin On Wired On Wall Street

What’s the difference between a mistake… and a bad decision? My guest knows this only too well. Tom Hardin has been on the show several times before. As Tipper X, he wore a wire for the FBI and helped...

28 Helmi 1h 15min