The Answer Is Transaction Costs

Honor Among Thieves: Anja Shortland and Ransomware

April 28, 2026·1h 6m
Episode Description from the Publisher

Send us Fan Mail A talk with Dr Anya Shortland about the economics of ransomware and the gray-zone institutions that let extortion markets function when nobody can truly enforce trust. We dig into how cyber insurance quietly becomes a form of governance, why data leaks change the game, and what national security risks emerge as everything gets connected. • criminal markets that sit between legal firms and underworld gangs • insurance as governance through protocols, repeat play, a...

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