The owner of Florida-based ransomware remediation company MonsterCloud has been charged with fraud for allegedly paying ransomware gangs behind his clients’ backs and billing them far more than the ransom. Zohar Pinhasi (aka “Zack Silver” and “Zack Green”), a 50-year-old US and Israeli national from Hollywood, Florida, allegedly charged MonsterCloud clients more than $19 million while paying more than $8 million to the ransomware gangs that attacked them.
Ransomware recovery firm boss charged with secretly paying attackers and overcharging victims
About this summary. This is a short excerpt from the description that Help Net Security published with its article. Cyber Security News did not report or verify the underlying story. Read the original: https://www.helpnetsecurity.com/2026/10/08/monstercloud-owner-ransomware-fraud-charges/
Source attribution: headline and facts are from Help Net Security (helpnetsecurity.com). Summary method: excerpt of the source description. See our source attribution policy.
Related coverage
Ransomware recovery CEO indicted after allegedly paying hackers and pocketing millions
Authorities accuse the owner of a so-called ransomware remediation company of swindling clients victimized by ransomware attacks into paying the company inflated fees…
MonsterCloud Owner Accused of Billing Over $19M While Secretly Paying Ransoms to Decrypt Data
The U.S. Department of Justice (DoJ) on Wednesday announced charges against a 50-year-old U.S. and Israeli national for allegedly defrauding ransomware victims by…
Known Cybersecurity Expert and Owner of Florida Ransomware Remediation Company Charged with Defrauding Clients
Here’s another case where the folks who were supposed to be the good guys helping you may be harming you. Zohar Pinhasi, 50, also known as “Zack Silver” and “Zack…
Ukrainian ransomware hacker sentenced, $11 million reward offered for co-conspirator
A Ukrainian national who participated in ransomware attacks targeting hospitals, government entities, law firms, and other businesses was sentenced to five years and 10…
Ukrainian National Sentenced for Role in Hacking Hospitals, Businesses, and Governments as Part of Ransomware Conspiracies Causing Over $100 Million in Losses
A press release from the U.S. Department of Justice: Artem Stryzhak, 36, a Ukrainian national, was sentenced today to 70 months in prison for conspiracy to commit…
Australia’s Annual Cyber Threat Report 2025-26 Shows Cyber Incidents Up 20%
Australia’s cyber security authority responded to 1,524 cyber security incidents in the 2025-26 financial year, a 20% increase from the previous year and a 36% rise over…