Florida cybersecurity owner accused of misleading ransomware victims; prosecutors allege his firm charged them over $19 million while secretly paying hackers more than $8 million
- Representative Image (AI-generated)A Florida cybersecurity company owner who allegedly told ransomware victims that his firm could recover encrypted data without paying hackers is now facing federal wire fraud charges.
- According to the US Department of Justice (DOJ), Zohar Pinhasi, 50, owner of ransomware remediation company MonsterCloud, claimed to have proprietary tools and advanced techniques for decrypting files.
- Prosecutors allege that his company instead paid the cybercriminals behind the attacks and charged clients substantially more for the recovery.
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- Representative Image (AI-generated)A Florida cybersecurity company owner who allegedly told ransomware victims that his firm could recover encrypted data without paying hackers is now facing federal wire fraud charges.
- According to the US Department of Justice (DOJ), Zohar Pinhasi, 50, owner of ransomware remediation company MonsterCloud, claimed to have proprietary tools and advanced techniques for decrypting files.
- Prosecutors allege that his company instead paid the cybercriminals behind the attacks and charged clients substantially more for the recovery.
Sources: Times of India