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The Ransomware Rescuer Who Paid the Hackers | 2 Minute Drill with Drex DeFord
A Florida ransomware "recovery" company promised victims they'd never have to pay the hackers. Prosecutors say it was quietly paying them all along, then billing clients two times or more the actual ransom: more than $19 million billed to hundreds of companies from 2018 to 2023, with more than $8 million paid to cybercriminals. Drex walks through the MonsterCloud story, from a 2016 researcher sting to an October 7 not-guilty plea in federal court in Brooklyn, and why it matters for healthcare. Who's your incident response firm, is it on retainer and coordinated with your cyber insurer, and…
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