<![CDATA[Ransomware recovery CEO charged over secret ransom payments]]>The owner of ransomware remediation firm MonsterCloud faces federal charges for allegedly defrauding ransomware victims. According to the allegations, the company told clients it could recover their encrypted data using proprietary technology, while actually paying the attackers behind the scenes for decryptors and concealing those payments.

  • Clients were allegedly led to believe MonsterCloud's own tools and expertise were responsible for restoring access to their files.
  • The actual recovery method was reportedly ransom payments made quietly to the threat actors.

The charges center on the gap between what victims were told and what was actually done on their behalf.

Source: Publication Name

If your organization has ever used a third-party recovery firm after an attack, would you have any way of knowing whether a ransom was paid on your behalf?

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