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Angus Loten

๐Ÿ‘ค Speaker
32 total appearances

Appearances Over Time

Podcast Appearances

WSJ Tech News Briefing
The Showdown Between Coinbase and Big Banks

For starters, this is a fascinating kind of story because it's an under-the-radar economic indicator of what's really happening out there on the ground.

WSJ Tech News Briefing
The Showdown Between Coinbase and Big Banks

And what appears to be happening out there on the ground, at least among a lot of tech workers, is they're none too happy.

WSJ Tech News Briefing
The Showdown Between Coinbase and Big Banks

There's been flat hiring.

WSJ Tech News Briefing
The Showdown Between Coinbase and Big Banks

There's been flat wages.

WSJ Tech News Briefing
The Showdown Between Coinbase and Big Banks

Folks are getting passed over for promotions.

WSJ Tech News Briefing
The Showdown Between Coinbase and Big Banks

People are getting outsourced, different jobs.

WSJ Tech News Briefing
The Showdown Between Coinbase and Big Banks

AI is taking over a lot of the manual labor end of the tech stuff.

WSJ Tech News Briefing
The Showdown Between Coinbase and Big Banks

So there's a lot of people who aren't too happy.

WSJ Tech News Briefing
The Showdown Between Coinbase and Big Banks

And that's what makes hackers happy, because they can recruit disgruntled insiders to help them with data breaches, because the insiders, of course, have authorized access.

WSJ Tech News Briefing
The Showdown Between Coinbase and Big Banks

And with that, they're able to get in even under the most strenuous fortified systems, not even through a back door.

WSJ Tech News Briefing
The Showdown Between Coinbase and Big Banks

It's through the front door.

WSJ Tech News Briefing
The Showdown Between Coinbase and Big Banks

and get out a lot of very valuable data.

WSJ Tech News Briefing
The Showdown Between Coinbase and Big Banks

This is precisely why it makes it an economic indicator, because hackers typically go on social media sites.

WSJ Tech News Briefing
The Showdown Between Coinbase and Big Banks

They go on career sites like LinkedIn, even X or Facebook, and they're just looking for threads where employees are complaining about their jobs or they're saying, I was just passed over for a promotion and just venting.

WSJ Tech News Briefing
The Showdown Between Coinbase and Big Banks

And if they think they've got someone who may qualify for assisting them in these attacks,

WSJ Tech News Briefing
The Showdown Between Coinbase and Big Banks

They'll reach out at first.

WSJ Tech News Briefing
The Showdown Between Coinbase and Big Banks

They won't say, hey, you want to help us break into your company?

WSJ Tech News Briefing
The Showdown Between Coinbase and Big Banks

They'll just warm up with a conversation and this, that, and the other thing and say, well, look, there is a way you can make a little extra money if you want to.

WSJ Tech News Briefing
The Showdown Between Coinbase and Big Banks

And we're not asking for too, too much.

WSJ Tech News Briefing
The Showdown Between Coinbase and Big Banks

We just need this little bit of data.

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