Florida cybersecurity owner accused of secretly paying hackers over $8 million
Zohar Pinhasi, the owner of MonsterCloud, faces charges of wire fraud related to his cybersecurity business. Prosecutors allege he misrepresented his firm's capabilities to clients facing ransomware attacks. Instead of recovering data without ransom payment, he secretly paid attackers and charged clients significantly higher fees. Pinhasi allegedly collected over $19 million while paying more than $8...
Key Takeaways
- Zohar Pinhasi, the owner of MonsterCloud, faces charges of wire fraud related to his cybersecurity business.
- Prosecutors allege he misrepresented his firm's capabilities to clients facing ransomware attacks.
- Instead of recovering data without ransom payment, he secretly paid attackers and charged clients significantly higher fees.
Zohar Pinhasi, the owner of MonsterCloud, faces charges of wire fraud related to his cybersecurity business. Prosecutors allege he misrepresented his firm's capabilities to clients facing ransomware attacks. Instead of recovering data without ransom payment, he secretly paid attackers and charged clients significantly higher fees. Pinhasi allegedly collected over $19 million while paying more than $8 million in ransoms.
Original Publisher Attribution
This summary was curated from Times of India.