CNBC’s Eamon Javers joins Shep Smith to report on hackers who hold companies’ data for ransom and the people who negotiate with them. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

Marc Bleicher is a hostage negotiator — but he’s not trying to rescue human hostages, he’s trying to rescue data.

Bleicher, managing director at cybersecurity consulting firm Arete Incident Response, 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.

He has given CNBC a rare and exclusive look inside a shadowy world where American companies find themselves paying millions of dollars to known criminals.

It’s a corner of the criminal underworld that has seen explosive growth. According to a report by Chainalysis, the total amount paid by ransomware victims increased by 336% in 2020 to reach nearly $370 million worth of cryptocurrency.

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.

All those payments have created an underground marketplace where criminals and their victims in corporate America must come together to reach terms and exchange funds.

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Russian Hacker Group DarkSide Get Paid | Crime Pays | $90 million | Cybersecurity for the people

https://www.bleepingcomputer.com/news/security/darkside-ransomware-made-90-million-in-just-nine-months/

DarkSide ransomware made $90 million in just nine months

The DarkSide ransomware gang has collected at least $90 million in ransoms paid by its victims over the past nine months to multiple Bitcoin wallets.

Around 10% of the profit came in one week from attacking just two companies: Colonial Pipeline, the largest oil pipeline system in the United States, and Brenntag, a large chemical distribution company in Germany.

This is a list of the top 5 most dangerous ransomware from boot destroyers to infostealers. As ransomware continues to rattle businesses costing millions, it is important to understand the threats faced by cyber security. https://www.kaspersky.co.uk/total-security?redef=1 &THRU &reseller=gb_sm-influencer_acq_ona_smm__onl_b2c__link_pcsecchan______ (sponsor)

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Incredible how much money these groups can get. No wonder ransomware is on the rise