By Global Security Correspondent Published: October 2026 Main Facts The modern cyber-extortion economy thrives in the gray areas of digital crisis management, where panicked corporate executives, desperate to salvage operations, routinely turn to third-party intermediaries. For years, Zohar Pinhasi, a dual U.S.-Israeli national and the owner of the Florida-based ransomware remediation firm MonsterCloud, positioned himself […]
The Double-Victimization Scheme: How a Ransomware "Recovery Expert" Allegedly Scammed Clients for Millions
In a striking revelation that has sent shockwaves through the cybersecurity industry, the Department of Justice (DoJ) has indicted Zohar Pinhasi, the owner of the Florida-based cybersecurity firm MonsterCloud, on multiple counts of wire fraud. Pinhasi, 50, stands accused of orchestrating a sophisticated, years-long scheme that targeted organizations already reeling from the catastrophic effects of […]