MonsterCloud CEO Zohar Pinhasi Accused of Paying Hackers, Defrauding Victims
ID: 3f16cd85-3e53-560f-9acd-34eb355feb8a
STIX ID: report--3f16cd85-3e53-560f-9acd-34eb355feb8a
Feed Name: HackRead
Threat Score
The DOJ has indicted MonsterCloud CEO Zohar Pinhasi, accusing him of secretly paying ransomware gangs for decryption keys while falsely claiming proprietary recovery technology and overcharging victims; charges include wire fraud and conspiracy, with alleged client billing exceeding $19M and payments to attackers over $8M, and the FBI investigating the case.
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