2012-07-26 Google Ideas INFO Summit - Cyber Money Laundering

[julz]

thanks to Zooko Wilcox-O'Hearn for the pointer

(They're going to attack Bitcoin, but they're not going to succeed in killing it.
https://plus.google.com/108313527900507320366/posts/49UmonRzuQb)

Cyber Money Laundering

2012-07
Derek Gabbard, Founder and CEO of Lookingglass
Sean Tierney, Director of threat intelligence at Chase

http://www.youtube.com/watch?v=JGEppgLna8U&feature=youtu.be

...
FBI released a ...report (they didn't release, it got leaked.. shortly after they had published it internally)  in May of this year
about a specific online virtual currency called Bitcoin.

So ah.. for this example, we wanted to run through, sort of looking at Bitcoin infrastructure and what's tied to it and seeing if there's other centres of gravity and malicious activity around it,
to start to look for, as Sean mentioned, hotspots and the places that it would make sense to ah.. leverage, pressure and look for ah places that deal with flow.
...
with anti money laundering - that's a area of regulation that's needed for virtual currencies
...

TL;DR   bitcoin - herp derp.. threat tags... dark alleys...illicit... crack houses...crime... laundering...

[Peter Todd]

thanks to Zooko Wilcox-O'Hearn for the pointer

(They're going to attack Bitcoin, but they're not going to succeed in killing it.
https://plus.google.com/108313527900507320366/posts/49UmonRzuQb)

Cyber Money Laundering

2012-07
Derek Gabbard, Founder and CEO of Lookingglass
Sean Tierney, Director of threat intelligence at Chase

http://www.youtube.com/watch?v=JGEppgLna8U&feature=youtu.be

...
FBI released a ...report (they didn't release, it got leaked.. shortly after they had published it internally)  in May of this year
about a specific online virtual currency called Bitcoin.

So ah.. for this example, we wanted to run through, sort of looking at Bitcoin infrastructure and what's tied to it and seeing if there's other centres of gravity and malicious activity around it,
to start to look for, as Sean mentioned, hotspots and the places that it would make sense to ah.. leverage, pressure and look for ah places that deal with flow.
...
with anti money laundering - that's a area of regulation that's needed for virtual currencies
...

TL;DR   bitcoin - herp derp.. threat tags... dark alleys...illicit... crack houses...crime... laundering...

Here's a great example about how ludicrous the "who's hosting" argument is:

Code:

~$ host www.mtgox.com
www.mtgox.com has address 72.52.5.81

~$ host visa.ca
visa.ca has address 72.52.5.150

~$ host sony.com
sony.com has address 72.52.6.10

Glad to know Visa Canada and Sony are dens of criminal activity...

To recap, you can see the ISP and address his tool is complaining about at 2:29, Prolexic, which is an anti-DDoS specialist provider. I suspect all those "threat indicators" are just a side-effect of having to partner with ISPs all over the world - he's probably tainting everyone in the same block of IP's.

Pardon my French, but he's selling fucking security snake oil.

[scintill]

...
FBI released a ...report (they didn't release, it got leaked.. shortly after they had published it internally)  in May of this year
about a specific online virtual currency called Bitcoin.
...

TL;DR   bitcoin - herp derp.. threat tags... dark alleys...illicit... crack houses...crime... laundering...

Yeah, I loved the "threat tags."  He says Bitcoin is so bad because some cute little graphs from his product show it's "associated" with "threat tags," a term his company made up.

I found the FBI report here: http://cryptome.org/2012/05/fbi-bitcoin.pdf if anyone's interested

[nevafuse]

These 2 guys should run for office.  I've never listened to 7min of a more vague & clueless lecture.  People get paid for this?  Obviously I'm getting underpaid.

[Raoul Duke]

did you guys notice the logos on the bottom right corner of the slides?
TRIBECA and Council on Foreign Relations

LMAO

[rjk]

Guys, I'm sorry, but our global warming problems are real. The hot air from these assholes is what's causing it.