The extortion economy: Inside the shadowy world of Ransomware payouts

Marc Bleicher, managing director at a cybersecurity consulting firm Arete Advisors, helps companies deal with ransomware.

Bleicher, managing director at cybersecurity consulting firm Arete Advisors, is a specialist who helps companies deal with ransomware — the type of cyberattack in which hackers lock up a company's computers and then demand payment to undo the encryption. And some big players are scoring huge gains: The report found the digital hostage-takers are dominated by large players who are raking in millions of dollars a year. Just 199 cryptocurrency deposit addresses receive 80 percent of all funds sent by ransomware addresses in 2020, Chainalysis found.

"Some clients are extremely angry," he told CNBC. "A lot of these victims are also in shock." But they all share one goal, he added: "to make the bleeding stop and make this go away as quickly as possible." In another real ransom note shared by Arete, the hackers said: "To unlock files you need to pay 3.8 bitcoin" — that's the equivalent of more than $200,000. "To confirm our honest intentions, we will unlock two files for free."

And the hackers have total visibility into the organization: "They may have access to that company's financials from being inside their network," Bleicher said.

Source: Financial Digest (financialdigest.net)

We don't buy BITCOIN!! We earn bitcoin From Mining. I'm ready to show 10 lucky people on how to earn 1 BITCOIN ($58,000) and more daily!! No referral!!No withdrawal fees!! If interested, kindly send a DM!!

I've worked on 4 ransomware cases in the past couple of years. All 4 cases, management never had backups. I told them the best way for these companies to prepare for ransomware is to buy bitcoin (We went with Sophos and Veeam)

does the article include Mumbai extortion? Its ₹100 crore per month. ₹100 crore = USD 13.6 million.

The Extortion Economy is the the Democrats extortion businesses, including MLB to drive their agenda.

thanks

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the Mysterious World of Celebrity Beauty BrandsA look at who, exactly, is running the foggy universe of celebrity product lines — and why so many seem to vanish into thin air.
Source: Allure_magazine - 🏆 473. / 51 Read more »

“Inside Video Games, the World Makes Sense.”“To my ADHD brain, the process of building up my base and economy, then using it to absolutely crush any attackers brings me a sense of order, process, accomplishment, and thus, calm.”
Source: ADDitudeMag - 🏆 311. / 61 Read more »

‘TV’s Top 5’: Inside the Musical Comedy World of Peacock’s ‘Girls5eva’Welcome to Episode 118 of TV’s Top 5, The Hollywood Reporter‘s TV podcast. Every week, hosts Lesley Goldberg (West Coast TV editor) and Daniel Fienberg (chief TV critic) break down the latest TV ne…
Source: THR - 🏆 411. / 53 Read more »

Inside the Secretive Government Unit Saving American Lives Around the WorldOperational Medicine, or “OpMed,' is the elite expeditionary medical force buried within the U.S. Department of State you’ve probably never heard of—the hidden hand behind daring and dangerous operations to rescue Americans from peril abroad. OpMed needs a TV show. Preferably one without David Caruso or Tom Selleck. DarrylMason The same country that excels in complex medical evacuations of US citizens overseas also lets thousands of it's citizens die due to lack of affordable medical care.
Source: VanityFair - 🏆 391. / 55 Read more »

Snake River is most endangered in the country: Inside the fight to save itAt the center of the issue is salmon, which 'have never been closer to extinction than they are today,” according to a conservation group. We offer a very safe investment proposal where you can earn 20-25% profit weekly without sending us your capital,kindly reply if you're interested Guess salmon is off the menu,no farm raised fish for me Wow. One environmental change affects so many others.
Source: ABC - 🏆 471. / 51 Read more »