Ransomware fixer claimed he could decrypt files, allegedly defrauded clients instead

The United States Department of Justice has charged a man with fraud after he allegedly told clients he could decrypt files locked up by ransomware but actually paid ransoms – and seemingly got away with it for years. The Feds allege that Zohar Pinhasi – aka “Zack Silver” and “Zack Green” – ran a Florida company called “MonsterCloud” that advised ransomware victims not to pay because it had a way to recover encrypted data. “The charges relate to Pinhasi’s claimed ability to decrypt ransomware without paying cybercriminals, purportedly using ‘proprietary tools’ and ‘advanced decryption techniques' on behalf of distressed business owners who came to his company,” according to a DoJ press release. “In fact, Pinhasi allegedly used a portion of his clients’ fees to pay off the ransomware attackers, and then kept the rest, often extracting a substantial markup.” …