Ransomware 'data recovery' companies can become predatory intermediaries: some firms allegedly pay ransoms behind the scenes, bill victims far above the ransom, and falsely tout non‑payment methods as proprietary trade secrets. That pattern turns a private sector response into a second vector of fraud and compounds harm to already targeted organizations.
— This reframes ransomware policy from an attacker‑only problem to a two‑sided market failure—regulators, insurers, and law enforcement must police recovery providers as well as extortionists.
BeauHD
2026.10.27
100% relevant
The DOJ indictment of Zohar Pinhasi/MonsterCloud (charged clients >$19M, paid >$8M in ransoms; example: paid ~$8,200 but billed ~$150,000) exemplifies the alleged practice.
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