Sat. Jul 11th, 2020

Hacker sentenced for GozNym malware stealing nearly $100 million

2 min read

The U.S. Department of Justice reports that the theft of hackers that target U.S. corporate and financial institutions have been resolved, and three of them have been jailed and sentenced.

The case occurred between 2015 and 2016. Criminals mainly used the GozNym banking trojan to invade more than 4,000 computers around the world to commit online fraud, eventually stealing nearly $ 100 million, with the most serious losses in the United States and Europe. The essence of the Goznym virus is a banking Trojan, which consists of two major parts, namely the banking trojan Gozi ISFB, which first appeared in 2012, and the ransomware downloader Nymaim.

In May this year, Europol disrupted the criminal network. The United States filed charges against 10 members of the criminal organization, five members were arrested on the spot, and five members, including developers, absconded.

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Krasimir Nikolov was charged by the federal government with cyber fraud. Nikolov was arrested by Bulgarian authorities in September 2016 and extradited to Bulgaria in December 2016. Alexander Konovolov and Marat Kazandjian, two other members who were arrested, prosecuted and sentenced in Georgia, were also sentenced to 7 and 5 years in prison, respectively.

The malware runs as follows: first, use large-scale malware to attack the victim’s computer, and then spread the virus. After the victim enters their bank password into the browser, the malware captures the account password and then logs in to the bank account to make money transfers.

Regarding the settlement of the case, U.S. Attorney Scott W. Brady said: “This new paradigm involves unprecedented levels of cooperation with willing and trusted law enforcement partners around the world who share our goals of searching, arresting, and prosecuting cyber criminals no matter where they might be.”

Via: thehackernews