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  1. Economist Podcasts
  2. Wrong side of the hack: cybercrime grows
Wrong side of the hack: cybercrime grows

Wrong side of the hack: cybercrime grows

Economist Podcasts · Oct 14, 2025

Cyberattacks escalate to destructive new levels, the true death toll of African conflicts remains hidden, and dark chocolate's health halo fades.

Ransomware's Economic Damage Vastly Outweighs the Ransoms Paid

A single cyberattack can inflict damage worth more than the total global ransom payments for an entire year. The attack on Jaguar Land Rover necessitated a £1.5 billion government loan, showcasing the astronomical, value-destroying ripple effects on the wider economy.

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Wrong side of the hack: cybercrime grows

Economist Podcasts·4 months ago

Ransomware Gangs Shift from Subtle Data Theft to Overtly Destructive System Smashing

Criminals find it more effective to cause massive, visible operational disruption than to subtly encrypt data. Smashing systems digitally creates immediate, unbearable pain for businesses, forcing them to pay to resume operations, not just to recover files.

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Wrong side of the hack: cybercrime grows

Economist Podcasts·4 months ago

Poor Telecoms Infrastructure in African Conflict Zones Skews Fatality Data

Official fatality counts rely on media reports, which are sparse in conflict zones with poor telecommunications. This leads to severe underreporting of deaths and creates absurd data artifacts where stable countries can appear more dangerous than war-torn nations.

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Wrong side of the hack: cybercrime grows

Economist Podcasts·4 months ago

Outsourced IT Call Centers Are a Key Vector for Ransomware Attacks via Social Engineering

Hackers gain initial network access by repeatedly calling large, outsourced IT help desks. They socially engineer call center staff until one handler eventually makes a mistake and provides credentials, creating the toehold needed for a full-scale breach.

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Wrong side of the hack: cybercrime grows

Economist Podcasts·4 months ago

Some Milk Chocolates Contain More Healthy Flavanols Than Dark Chocolates

The health benefits of chocolate come from flavanols, and their content is determined by processing, not just cocoa percentage. Contrary to popular belief, independent studies have found that some milk chocolate bars contain significantly more flavanols than some dark ones.

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Wrong side of the hack: cybercrime grows

Economist Podcasts·4 months ago

Governments Could Eradicate Ransomware's Business Model by Banning Ransom Payments

Treating ransomware payments like terrorist financing by making them illegal could eliminate the market for these attacks. While causing short-term pain for hacked companies, this bold government move would attack the supply-side economics of cybercrime, making it unprofitable.

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Wrong side of the hack: cybercrime grows

Economist Podcasts·4 months ago