The Business of Ransom

The big business of ransom

Eamon Javers tells us why the nation’s change in its hostage policy could be a big boon for some businesses.

Source: CNBC

I knew it was going to happen. The gunshots would go off; I would be blindfolded, handcuffed and interrogated. I planned an entire day around filming it. But when the actual kidnapping occurred, it was still extremely unnerving and gave me an uneasy feeling knowing that for some individuals, this was, unfortunately, the real thing. …

Bill Hinton | Mobile Minute | Getty Images

An unfortunate geopolitical reality is the rise of kidnappings, particularly in Southeast Asia, the Middle East and Africa. But today’s criminals are getting even more sophisticated by exploiting technology and engaging in “virtual kidnapping.” Unlike traditional kidnappings, abductors do not wish to have any type of physical contact with their victims. Virtual kidnappers rely solely on …

Kidnapping training course

Companies that operate in the multi-billion dollar ransom industry are busier than ever. Dina Gusovsky gets a simulated look at what it’s like to be taken hostage.

Source: Dina Gusovsky
Specialists for the Pilgrims Group—a company that provides security risk management and consulting—conducts its simulated kidnapping training course.

There is a multibillion-dollar industry predicated on fear, risk and hope: The business of kidnapping, ransom and extortion (KRE) is mainly publicized from the point of view of the hostage-takers or victims, but rarely do we get a glimpse into the companies responsible for rescuing, insuring and training people who find themselves in dangerous situations …