Virtually Everything | Series 3, Episode 5 | Cyber Risks

Cybersecurity in the virtual assets world is more critical than ever. In this episode of Virtually Everything, hosts Lucy Nash and Vyasna Mahadevey are joined by Becky Jones, to discuss the growing risks facing crypto platforms, the UAE’s regulatory response, and what organisations can do to strengthen their defences.

Together, they explore the growing risks around cybersecurity in the virtual assets space - a sector that continues to attract both innovation and illicit activity. Becky explains her role as an Incident Response Manager, coordinating responses to cyber incidents, and shares why virtual assets are such an attractive target for cybercriminals.

The discussion covers the scale of financial crime in this sector, the challenges of anonymity and liquidity in crypto transactions, and the fragmented global regulatory landscape. The episode also highlights the UAE’s proactive approach, with regulators such as VARA, DIFC and ADGM introducing increasingly sophisticated cybersecurity frameworks.

Finally, Becky unpacks one of the largest cyberattacks in history, the Bybit incident in Dubai, and considers what it means for the market, the importance of supply chain resilience, and how law firms like Clyde & Co can support clients before, during and after an incident.

Listen now to gain practical insights into how organisations can better protect themselves in the fast-evolving world of virtual assets.

This podcast forms part of the Virtually Everything podcast series. To find out more about the topics discussed in the series, please visit our dedicated Digital Assets and Blockchain page.