Cybersecurity CEO indicted for scamming ransomware victims
The gist
Canadian cybersecurity executive Edward Dubrovsky, 54, was arrested in Philadelphia and charged with extortion conspiracy.
The case puts ransomware negotiators' ties to the attackers they bargain with under scrutiny.
How it unfolded
- 2019ProPublica published an investigation into MonsterCloud, the ransomware data recovery business.
- May 2022Edward Dubrovsky began serving as managing director at CYPFER, per the company.
- 2024A cyberattack hit the city of Hamilton, Ontario, with attackers demanding $18.5 million; the city did not pay, according to CBC's earlier reporting.