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Bribe, Swindle or Steal

Ransomware

Bribe, Swindle or Steal

Alexandra Addison-Wrage of TRACE International

Business, News, Business News

4.9582 Ratings

🗓️ 9 October 2019

⏱️ 25 minutes

🧾️ Download transcript

Summary

Renee Dudley of ProPublica discusses her fascinating research into the unsettling world of ransomware: how it works, the role that "recovery services" play and where the ransom money ends up.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome back to the podcast, bribes, swindle, or steel. I'm Alexandra Rogi. Today we're talking about

0:11.9

ransomware, the plague that's crippling small businesses, local government, police forces, and

0:18.1

others, really across the country. My guest is Renee Dudley. Renee is a tech

0:22.6

reporter with ProPublica. Prior to joining ProPublica last year, she was a member of the Enterprise

0:27.5

team at Reuters, where she uncovered systemic cheating on standardized entry tests for U.S. colleges.

0:33.9

The series was named a 2017 Pulitzer Prize finalist in national reporting.

0:38.7

Renee, thank you for joining me.

0:40.2

Thank you.

0:41.1

You've written a couple of really interesting pieces on this issue.

0:44.5

Before we talk about those specifically and what you uncovered, can you give us a primer on

0:50.1

ransomware what it is and how an attack unfolds?

0:54.4

Ransomware is a type of malicious software that gets onto your computer systems and encrypts all

1:01.7

your files. So what that means practically is you'll try to log onto your computer and you'll see

1:07.4

that you can't open any of the files. They've all been renamed with a new extension.

1:12.5

And oftentimes a ransom note will pop up on your screen.

1:17.3

And it will say, you know, it will either direct you to an email address or to a website on

1:26.2

tour, a dark web browser,

1:28.7

with instructions about how you can pay the hacker to retrieve your files.

1:34.7

And there are some free tools for decrypting ransomware without paying a hacker.

1:42.3

But generally speaking, if one of those doesn't exist, because

1:47.0

there's all different types of strains of ransomware, so if you've been hit with a strain for

1:52.5

which there's not a free public decryptor, your only recourse is to pay the hacker. And ransomware has

...

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