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🚨 🇺🇸 Cybersecurity expert charged in alleged $19 million ransomware remediation fraud scheme Zohar Pinhasi, 50, the owner of Florida based cybersecurity company MonsterCloud, has been charged with allegedly defrauding businesses seeking help after ransomware attacks. Prosecutors say Pinhasi, also known as “Zack Silver” and “Zack Green,” claimed his company could recover encrypted data using proprietary technology without paying attackers. Instead, he allegedly negotiated with the cybercriminals, secretly paid their ransom demands and charged clients substantially more. In one case, MonsterCloud allegedly paid an attacker about $8,200 before billing the victim approximately $150,000. The Justice Department says Pinhasi collected more than $19 million from clients while making over $8 million in ransom payments. He was arraigned in Brooklyn on October 7 after being indicted on two counts of wire fraud and one count of wire fraud conspiracy. Each count carries a maximum penalty of 20 years in prison if he is convicted. Source: justice.gov/opa/pr/known-cyb…