DOJ charges ransomware recovery CEO for secretly paying hackers
The owner of a ransomware recovery firm was hit with wire fraud charges for allegedly making secret ransom payments while overcharging the victims of attacks.
Excerpt from the primary source: The Record by Recorded Future News
Who is affected
Home users · Small businesses · Executives
What you should do · Be aware
No immediate action is indicated. Share this with the relevant teams and watch for updates.
Automated guidance based on this story's classification. Check the linked advisories for specifics.
Sources
We link to original and authoritative sources. Headlines and excerpts belong to their publishers.
Original reporting
Related
Fake Decryption Tools Masked $11M Markup in Ransomware Recovery Scheme
Zohar Pinhasi was paying ransoms to obtain decryption keys and then charging victims substantially more for remediation.
Ransomware recovery CEO charged over secret ransom payments
The owner of ransomware remediation company MonsterCloud has been charged with allegedly defrauding ransomware victims by secretly paying their attackers for decryptors while claiming to use proprietary technology to recover encrypted data.
Ransomware has a new target. Is your backup ready?
Ransomware groups are increasingly targeting backup infrastructure to eliminate recovery options and increase pressure on victims to pay. Kaseya explains why organizations need isolated, immutable, and regularly tested backups that attackers cannot easily reach.
ShinyHunters Extorted Boeing Spin-off Prior to Arrests
A teenager from Amman, Jordan suspected of leading the prolific data theft and extortion group ShinyHunters has been detained and is reportedly cooperating with the FBI to identify other members of the hacking gang. KrebsOnSecurity has learned that the suspect, who uses the hacker handle "Rey," was detained as ShinyHunters was in the process of extorting a business unit recently divested by the global aerospace…
