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Cybersecurity CEO Indicted for Scamming Ransomware Victims
Original: Cybersecurity CEO Indicted for Allegedly Scamming Millions From Ransomware Victims
A federal grand jury has indicted Zohar Pinhasi, CEO of cybersecurity firm MonsterCloud, for allegedly defrauding clients of his ransomware data recovery business out of millions of dollars. The charges follow a 2019 ProPublica investigation into the company's practices, which scrutinized how it profited from victims desperate to recover data encrypted by ransomware attacks.
Why now: The indictment follows ProPublica's 2019 investigation into MonsterCloud, reviving attention to the company's alleged exploitation of ransomware victims.
Zohar PinhasiMonsterCloudProPublica
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Evidence
- Cybersecurity CEO Indicted for Allegedly Scamming Millions From Ransomware Victims · ProPublica
A federal grand jury indicted MonsterCloud CEO Zohar Pinhasi last month for allegedly defrauding clients of his ransomware data recovery business, which was the subject of a 2019 ProPublica investigation.
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