AI Summary

Zohar Pinhasi, the owner of ransomware remediation firm MonsterCloud, was indicted by a federal grand jury in the Eastern District of New York on September 23. The indictment alleges that Pinhasi defrauded ransomware victims by secretly paying attackers for decryptors while claiming to use proprietary technology to recover encrypted data. Pinhasi, 50, is also known as “Zack Silver” and “Zack Green.” He was arraigned Wednesday in federal court in Brooklyn. The case centers on the alleged misrepresentation of MonsterCloud’s recovery services.

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