Hackread.com reports that the DOJ has charged MonsterCloud CEO Zohar Pinhasi with wire fraud and conspiracy to commit wire fraud. Prosecutors say he claimed the company could recover encrypted files without paying a ransom, but instead paid attackers for decryption keys and charged victims much higher fees. The FBI and CISA advise against paying ransoms, since payment does not guarantee files will be recovered or stolen data will not be leaked.
Source: hackread.com
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