AI-Powered Cyber Attacks: Why Compliance Is Not Security | Mitchell Amador, Immunefi CEO

Most corporate security leaders are doing compliance, not security. That is the blunt opening from Mitchell Amador, CEO of Immunefi, the leading crowdsourced security platform for blockchain, and the argument that drives this entire conversation.AI has ended the era of crime-scale cyber risk. The number of hacking groups capable of causing serious harm has jumped tenfold. Attack capability that once required a nation-state program now fits in a laptop. Most CISO budgets were built for a world that no longer exists.Amador explains what crypto security has already figured out and why the rest of the internet is about to be forced to catch up. We cover bug bounties, coopetition, smart contract insurance pricing, and the quantum encryption threat that simultaneously puts every bank, government, and blockchain at risk.Billy MitchellNorth Korea and cyber warfareChapters00:00 Mitchell Amador's path to crypto security02:13 What is Immunefi?03:49 Web3 as a dark forest06:48 Nation-state actors and North Korea08:00 The response to constant threat09:36 Why crypto security stakes are global12:35 Move fast and break nothing14:39 What is a bug bounty program?16:31 Why crowdsourced security beats internal teams21:32 The culture of coopetition29:45 AI and the economics of attack32:51 Force multiplication and AI offense36:32 The human element in security40:27 Where crypto fits in cyber insurance47:18 Smart contract insurance and loss rates49:14 Quantum computing and encryption risk52:40 Y2K vs quantum, scale of the problem52:55 What should CEOs and boards do now?58:31 Five years from now — what seems obviouswww.cyberinsurancenews.org