Authorities Takedown GozNym Cybercrime Group That Stole an Estimated $100 Million


Authorities in the United States and Europe on Thursday announced the takedown of an organized cybercrime network that used the GozNym malware to steal an estimated $100 million from victims. 

The network was dismantled as part of an international law enforcement operation that saw cooperation from the United States, Georgia, Ukraine, Moldova, Germany, Bulgaria, Europol and Eurojust.  

According to announcements by the United States Department of Justice and Europol, an estimated 41,000 victims lost money members of the GozNym network, primarily businesses and financial institutions in the United States and around the world. 

First detailed in 2016, the GozNym Trojan emerged as a combination between the Nymaim dropper and the Gozi financial malware. By the time the first reports on it became public, the malware had been already used to target 22 financial institutions in the United States and two in Canada.

In addition to announcing the network takedown, the U.S. DoJ also announced that 10 individuals involved in the operation were indicted with conspiracy to commit computer fraud, conspiracy to commit wire fraud and bank fraud, and conspiracy to commit money laundering.  

Read more…