MonsterCloud Owner Charged With Secretly Paying Ransomware Demands
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STIX ID: report--dad94753-c981-58ba-b1be-745bb6a83af2
Feed Name: Security Affairs
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MonsterCloud owner Zohar Pinhasi was charged with wire fraud and conspiracy after allegedly paying ransomware attackers on behalf of clients, then presenting the results as his firm’s proprietary decryption work while billing clients massively marked-up fees; prosecutors say he collected over $19M and secretly paid over $8M in ransoms.
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