SecurityHacker Newsabout 2 hours ago
Data Recovery CEO Indicted for Ransomware Scam
4 min read
Federal prosecutors indicted Zohar Pinhasi, CEO of MonsterCloud, for allegedly defrauding clients of over $19 million by charging ransom fees without paying hackers. The scheme, exposed by ProPublica in 2019, involved Pinhasi paying more than $8 million in ransoms while claiming to decrypt files for free.
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