RANSOMWARE RECOVERY CEO CHARGED OVER SECRET RANSOM PAYMENTS

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Zohar Pinhasi, CEO of ransomware remediation company MonsterCloud, has been charged with defrauding customers. The charges allege that Pinhasi's company advertised proprietary tools to decrypt encrypted files but actually contacted ransomware actors and paid ransoms. MonsterCloud's contracts stated that it may contact threat actors if no other solution is found, but the complaint alleges this was often its first option.