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October 9, 2025 37 mins

Jen Roberts, Associate Director of the Atlantic Council’s Cyber Statecraft Initiative, and Sarah Graham, Research Consultant with the Atlantic Council’s Cyber Statecraft Initiative, who are coauthors along with Nitansha Bansal of the recent paper, “Mythical Beasts: Diving Into the Depths of the Global Spyware Market,” join Lawfare’s Justin Sherman to discuss the global spyware industry, how it has evolved in recent years, and what its future holds. They also discuss the geographic concentration of key spyware entities in several countries; a rise in U.S. investors in the spyware industry; how “strategic jurisdiction hopping,” name changes, and corporate structure shifts impact spyware firms’ evolution and transparency into their activities; and how U.S. policymakers should approach the global spyware market going forward.

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