🔴 MonsterCloud Owner Accused of Billing Over $19M While Secretly Paying Ransoms to Decrypt Data

The U.S. Department of Justice (DoJ) on Wednesday announced charges against a 50-year-old U.S. and Israeli national for allegedly defrauding ransomware victims by secretly paying the attackers to obtain decryptors while claiming to use proprietary tools to recover their data.

Zohar Pinhasi (aka Zack Silver and Zack Green) has been charged with two counts of wire fraud and one count of wire fraud conspiracy. If convicted, the defendant faces up to 20 years in prison for each count.

"By falsely claiming to decrypt ransomware without paying off the ransomers, the defendant re-victimized his clients while extracting a hefty profit for himself," said U.S. Attorney Joseph Nocella, Jr. for the Eastern District of New York.