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.
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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.
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