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GozNym cybercrime community dismantled by Europol and DOJ

The cybercriminals behind the GozNym malware, which stole over $100m from financial institution accounts since its creation, have been...

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GozNym cybercrime network dismantled by Europol and DOJ
The cybercriminals behind the GozNym malware, which stole over $100m from financial institution accounts since its creation, have been apprehended on account of a joint operation between Europol and the US Justice Department.

During a press convention in The Hague, prosecutors mentioned that 10 defendants in 5 international locations have been accused of utilizing malware to steal cash from over 41,000 victims consisting principally of companies and monetary establishments.

Of the 10 defendants, 5 had been arrested in Moldova, Bulgaria, Ukraine and Russia whereas the chief of the group behind the GozNym malware and his technical assistant are start prosecuted in Georgia. The remaining 5 defendants, who’re all Russian nationals, are nonetheless on the run although they’re presently needed by the FBI.

All of the defendants had been charged with conspiracy to commit laptop fraud, conspiracy to commit wire and financial institution fraud and conspiracy to commit cash laundering.

GozNym malware

GozNym was developed by combining the Nymaim and Gozi malware households into one highly effective banking malware that unfold throughout the US, Canada, Germany and Poland. Since it first appeared in 2016, the banking malware has been used to focus on dozens of banks and credit score unions.

GozNym has been described as malware as a service and the chief of the community obtained the code for the 2 malware households after it leaked on-line and used it to construct his personal extra highly effective malware pressure. He then recruited different cybercriminals to hitch his operation whereas promoting the brand new malware on Russian talking boards.

The malware used encryption and different strategies to keep away from detection by antivirus instruments whereas the cybercriminals despatched out lots of of 1000’s of phishing emails to companies and banks in an try to achieve entry to their laptop techniques. Once a system was contaminated, the malware would steal passwords for financial institution accounts that the cybercriminals would log into and money out.

According to the prosecutors, the GozNym malware community was hosted and operated via a bulletproof internet hosting service identified for having lenient attitudes in the direction of cybercrime.

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Via TechCrunch

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