
How Ransomware Became a Global Industry with Anja Shortland on Dark Screens
From Breaking Math Podcast by Autumn Phaneuf & Noah Giansiracusa
May 5, 2026 · 42 min
About this episode
The episode discusses the evolution of ransomware from playful hacking to a global industry with insights from Anja Shortland.
What if ransomware did not begin with criminals, but with curiosity? In this episode of Breaking Math, Autumn and Noah talk with Anja Shortland, professor of political economy at King’s College London and author of Dark Screens. This conversation explores how playful hacking evolved into professionalized cybercrime, why ransomware gangs operate like morally questionable internet startups, how cryptocurrency made ransomware scalable, and why hospitals, governments, universities, and critical infrastructure remain especially vulnerable. We also dig into the mathematics behind encryption, asymmetric cryptography, game theory, negotiation, cyber insurance, and the uncomfortable trade-offs between freedom, privacy, and regulation. Chapters 00:00 The origins of ransomware and early hacker culture 02:13 The evolution of ransomware attacks since 2013 03:14 The paradox of cybercriminals as entrepreneurs 06:19 Early hackers: Steve Jobs and Wozniak as pioneers 12:34 The moral and legal landscape of hacking and cybercrime 13:39 The importance of cybersecurity awareness for individuals 15:03 The arms race: attackers vs defenders and the role of math 16:02 The technological innovations behind…
People in this episode
Hosts: Autumn Phaneuf, Noah Giansiracusa
Guest: Anja Shortland
Topics covered
- ransomware
- cybercrime
- encryption
- cryptocurrency
- cybersecurity
- hacking culture
- game theory
Keywords
- ransomware
- cybercrime
- encryption
- cryptocurrency
- AI
- cybersecurity
- hacking
- game theory
- negotiation
- cyber insurance
Mentioned in this episode
Organizations: King’s College London
Books & works: Dark Screens
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