SecuritySlashdotabout 1 hour ago
Cybersecurity CEO Indicted For Scamming Millions
2 min read
Federal prosecutors indicted Zohar Pinhasi, a Florida-based cybersecurity CEO, for allegedly defrauding ransomware victims of over $19 million. Pinhasi's firm, MonsterCloud, claimed to decrypt files without paying ransoms while secretly paying hackers up to $8 million. The indictment, announced Oct. 7, exposes a scheme where clients were re-victimized, with Pinhasi facing up to 20 years in prison if convicted.
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