SecurityThe Recordabout 2 hours ago
DOJ Charges Ransomware Recovery CEO
3 min read
The Justice Department charged Zohar Pinhasi, owner of MonsterCloud, with wire fraud Wednesday. Prosecutors allege Pinhasi secretly paid about $8 million in ransom to cybercriminals while charging clients $19 million. Pinhasi faces up to 20 years in prison if convicted. This case follows a 2019 ProPublica exposé revealing the deceptive business model used by the Florida-based firm to defraud victims.
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