FT News Briefing - Is There More Ransomware Attacks?

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Hannah Murphy: Ransomware attacks have tripled in the past three years. A big reason for that is the shift to remote work, which left a lot of computer systems vulnerable. She says there's almost been a democratization of this criminal enterprise on the dark web. You can read more on all of these stories at FT.com.

The Federal Reserve raised its benchmark interest rate by 0.75 percentage points for the third time in a row on Wednesday, and Credit Suisse has drawn up plans to split its investment bank in three. Plus, the FT’s Hannah Murphy explains how companies, and the negotiators they hire, deal with a ransomware attack.

Mentioned in this podcast:

Jay Powell refuses to rule out US recession after third 0.75% rate rise

The ransomware game: test your skills in the world of hackers and negotiators

Credit Suisse considers splitting investment bank in three

FT.com/briefingsale

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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