When ransomware strikes, this company helps victims make bitcoin payments - CNBC

Several businesses have never even dealt in bitcoin, which is the currency of choice for virtually all ransom payments.

In the space of 30 to 60 minutes from initial contact, DigitalMint is able to make the ransom payment for the victim.

The company says that 90% to 95% of ransoms are paid in bitcoin, but monero is an increasingly popular option.

Since January 2020, DigitalMint says it has facilitated more than $100 million in ransomware settlements with a median payment of $800,000.

Last year, crypto ransomware payments overall more than quadrupled from 2019 levels to $350 million, according to Chainalysis, but DigitalMint told CNBC that figure is likely understated.