In this episode Michael Pearl interviews cybersecurity expert Todd Wade, who shares insights from his extensive experience in both Web2 and Web3 environments. The conversation covers the current state of cybersecurity in the rapidly evolving Web3 landscape, the regulatory challenges faced by companies, and the importance of security awareness and education. Todd discusses the alarming rise of cybercrime, particularly pig butchering scams, and emphasizes the need for better practices among exchanges and organizations. The episode also touches on the implications of AI and quantum computing in cybersecurity, as well as the ongoing challenges of money laundering in the crypto space. Todd concludes with practical advice for organizations looking to improve their cybersecurity posture. Takeaways - Cybersecurity awareness is crucial for both individuals and organizations. - Many Web3 companies lack basic security measures, leading to vulnerabilities. - Regulatory oversight is necessary to ensure security standards in the crypto space. - Education on cyber threats can help individuals protect themselves and their families. - Pig butchering scams are a growing concern in the crypto world. - Exchanges need to take more responsibility in preventing cybercrime. - AI is increasingly being used by criminals to enhance their attacks. - Quantum computing poses potential threats to cryptographic security. - Money laundering in crypto is facilitated by the lack of regulation in certain jurisdictions. - Organizations must prioritize basic security practices to mitigate risks. Chapters (00:00) Todd Wade introduction (03:07) Cybersecurity practices in Web3 companies (06:30) The Need for Regulation in Cybersecurity (11:40) The Role of CISO in Web3 Companies (17:31) Understanding Cybercrime in the Crypto Space (23:25) The Role of Exchanges in Cybercrime Recovery (28:52) Money Laundering and Crypto Challenges The Podcast is sponsored by CyVers - the leader in Web3 security, leveraging AI-driven technology to help industry leaders like 21Shares and ConsenSys prevent hacks, scams, and compliance challenges. CyVers’s solutions provide pre-emptive protection against malicious activity across the Web3 space. Learn more at: ⁠CyVers.ai⁠ ⁠Book a call⁠