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Transcripts For CNBC On The Money 20160730

We begin with ransomware, ordering you to pay them to give your information back to you, youd naturally expect banks and hospitals and rich and famous to be the obvious targets and they are but a target recently was an unusual one, a nascar team, thats our cover story. And up and coming nascar team days away from the big race. When the laptop started to go heywire. My files have been encrypted. All of the critical files locked up. Everything we do, everything is on that computer. The team had been hit with a ransomware attack, first the virus, then a ransom note. Your files are encrypted and only way to get it back and pay ransom. Attacks like this are skyrocketing, hitting towns and businesses and schools and hospitals with Law Enforcement virtually powerless to stop it. Special agent will bails manages investigations nationwide for the fbi. He says while its tough to detect where the malware comes from, it can attack through a simple email attachment. Theres no way decrypting those f

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