In this episode of “Financial Crime Matters,” Kieran Beer talks with Bryan Smith, chief of the Federal Bureau of Investigation’s (FBI) Cybercriminal Section and a 20-year bureau veteran, about the growing threat of cybercrime to both individuals and large corporations.
Smith discusses the destruction caused by cyber hacking, identity theft and old fashion fraud. He shares some of the successes the FBI has had in recovering stolen funds—whether in fiat currencies or crypto. While concerned about future cybercrime threats from criminals who are always innovating, Smith also argues that there is much that can be done to prevent cybercrime and catch its perpetrators when law enforcement and the private sector work closely together.
