lacking and they are not capable of handling the types of threats we are seeing from these organized crime groups. we are seeing it more sophisticated and more money is funneling in. i think it is fair people take a pause and think of the way we live our lives right now that if certain things are shut down. it is pretty terrifying when you think about it. these attacks as we have seen as you point out, every facet of our society, our food chain and energy and hospitals, could this be a test for something larger? these organized crime groups are making hundreds of millions of dollars. we deal with these cases on a yearly basis and predominantly out of russia here is the thing,
ransoms because they re getting so good at what they re doing, going through a backups, also stealing our data, that they intrench themselves into these companies that cannot recover. it is a terrifying situation for these organizations because you re looking at businesses who have been around for 200 years, and now they re completely shut down, they cannot operate, they cannot pay checks, they cannot you know, export goods, they can t manufacture products. they are completely shut down. the only recourse they have is to pay these ransom workers, who you know, i ve talked to an executive and he s like, i literally had to go underneath the shower and just sit there and because i felt so dirty for paying this group. you know, for the ransoms. but it s the only way that our business can actually operate. and, they are making hundreds and hundreds of millions of dollars in what they re doing is that they re investing into more research, more developments, they re getting more fusses soph
another one million hundreds of thousands of dollars per year. here s the big piece to note. you mentioned why are we just talking about this now, has this been a problem for a long time? it really has, but the problem is that we continuously are paying these ransoms because they re getting so good at what they do, going after our backups, also stealing our data, that they entrench themselves and these companies cannot recover. it s a terrifying situation for these organizations because you re looking at businesses that have been around for 100, 200 years and now they re completely shut down. they can t operate, they can t paychecks, they can t export goods, they can t manufacture products, they re completely shut down. the only recourse they have is to pay these ransomware groups. one executive said i literally had to go underneath the shower and just sit there because i felt so dirty for paying this group for the ransoms but it s the only way that our business could actually operate.
you re looking at businesses that have been around for 100, 200 years and now they re completely shut down. they can t operate, they can t pay checks, they can t export goods, they can t manufacture products, they re completely shut down. the only recourse they have is to pay these ransomware groups. one executive said i literally had to go underneath the shower and just sit there because i felt so dirty for paying this group for the ransoms but it s the only way that our business could actually operate. they re making hundreds and hundreds of millions of dollars. what they re doing is they re investing into more research and more development so they re getting more sophisticated which means they target larger organizations. we saw with colonial, with jbs, acer, universal health systems. we re seeing breaches at a much larger scale because the sophistication of these groups have grown. is this a problem that is more sophisticated and larger than law enforcement and
pervasive these actually are. you know you and i can stay up. this is happening all over the country. small hospitals, municipalmunic, schools, they are being shut down and having a significant impact on operations. we hear about it because it shut down operations and impacts people s lives it is so widespread. when you look at the aggragate, the people that are doing this, this will go on indefinitely. the adversaries are making hundreds of millions if not billions of dollars. and it s just too difficult now