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From infiltration to intimidation: The new age of ransomware

Daily FT

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April 22, 2025

RANSOMWARE attacks have become one of the most pressing cybersecurity threats facing individuals, businesses, and even governments around the world.

From infiltration to intimidation: The new age of ransomware

These attacks typically involve a hacker gaining access to a system, encrypting the victim's files, and demanding a ransom to unlock them. But in recent years, the nature of ransomware attacks has evolved. What once ended with a payment—or a refusal to pay—now often extends into a longer, more complex process involving data leaks, reputational damage, and continued pressure from those behind the attack.

A ransomware attack usually begins with a seemingly small breach: a phishing email that tricks an employee into clicking a malicious link or downloading an infected file, or an unpatched vulnerability in a system that gives attackers access. Once inside, the attacker may spend days or even weeks quietly navigating the network, identifying sensitive files and gathering credentials before launching the actual encryption phase. When the system is locked down, the attacker delivers a ransom note demanding payment in exchange for a decryption key.

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