The Briefing Room What is ransomware and what can be done to stop it?
May 22, 2025
Geoff White, an investigative journalist and co-host of the BBC's podcast series, The Lazarus Heist, joins to delve into the world of ransomware. He explores how these digital kidnappers operate, the chaos they inflict on businesses like Marks & Spencer, and the tough choices organizations face about paying ransoms. Discussion highlights the evolving nature of these threats, the need for robust incident response plans, and international efforts to combat ransomware, including a coalition of 68 nations aimed at improving cybersecurity strategies.
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Victim's Experience of Ransomware Lockout
- Ransomware victims find themselves locked out of vital computer systems, causing severe disorientation and fear.
- The attack cripples all communications, records, and business operations, leaving people helpless and reliant on criminal ransom.
Common Ransomware Entry Techniques
- Cybercriminals often use social engineering or phishing to gain entry into systems.
- SIM swapping, where a criminal hijacks a phone number, can be exploited to intercept two-factor authentication codes.
Ransomware's Explosion Factors
- Digitization and anonymous cryptocurrency payments caused the ransomware surge.
- An affiliate franchise model scales infection with gangs writing ransomware and affiliates spreading it for profit shares.