Ransomware recovery CEO indicted after allegedly paying hackers and pocketing millions
Zohar Pinhasi allegedly deceived ransomware recovery clients into a payment scheme disguised as a specialized service that helped victims avoid paying cybercriminals.
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Authorities accuse the owner of a so-called ransomware remediation company of swindling clients victimized by ransomware attacks into paying the company inflated fees under false pretenses.
Zohar Pinhasi, owner and operator of MonsterCloud, claimed he could decrypt and recover victims’ data with specialized, proprietary tools and avoid paying cybercriminals. Yet, no such tool existed, the Justice Department said Wednesday.
