(WBNG Binghamton) The majority of the funding for the Islamic State of Iraq and Syria (ISIS) is coming from extortion and "multiple kidnappings for ransom," a source told CBS News.
The group typically kidnaps citizens of European countries. Recently, a Scandinavian corporation paid $70,000 for the return of a kidnapped employee, according to CBS.
ISIS militants had demanded a ransom for James Foley, an American journalist who was abducted in 2012. The extremist group released a video of his execution Tuesday.
CBS has the full story here.