Oireachtas Joint and Select Committees

Wednesday, 30 March 2022

Joint Oireachtas Committee on Transport, Tourism and Sport

Cybersecurity and Hybrid Threats Following the Russian Invasion of Ukraine: Discussion

Mr. Pat Larkin:

Especially in the US, we are starting to see a model evolving where the FBI and similar organisations are tracking these criminals. Some traceability and recovery is possible through the cryptocurrency exchanges and systems, and the intention is to try to break those as financial gateways. Regulation of cryptocurrencies must increase and there must be consequences in this regard. Just fighting cybercriminals would be a major battle in its own right, but fighting nation states that are hand-in-glove with the cybercriminals and facilitating and building cybercriminal ecosystems is a much larger problem.

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