Cyber-criminal network behind $100m theft dismantled
Officials of law enforcement from Europe and USA reported busting one worldwide network of organized cyber-criminals that deployed malicious software for seizing bank login credentials so as for pocketing some $100m from a massive number of businesses. The criminals are being prosecuted inside USA, Ukraine, Moldova and Georgia for their association with the scam, whilst 5 people from Russia facing indictment inside USA are absconding, Europol the European Union police agency stated.
Europol described the crime ring an extremely specialized as well as international network of cyber-criminals perpetrating in places all over Bulgaria, Moldova, Georgia, Russia and Ukraine. They dispatched spear-phishing electronic mails for contaminating PCs with GozNym the malicious software created for stealing login credentials. Consequently, the members of the network managed withdrawing funds from bank A/Cs of victims while launder the same via bank accounts of USA and other foreign countries.
Assembling of the network followed when its members first canvassed their technical services along with skills on Web forums running on Russian language thus leading to their recruitment by the gang's chief. The chief had hold over 41,000+ PCs contaminated with GozNym. By employing encryption techniques, the accomplices managed bypassing the malware's detection by AV software along with other protective software, the Europol stated. www.bloomberg.com posted this, May 16, 2019.
Evidently, mode-of-operation with GozNym was least complex yet effective: hacking into Windows computers; lurking till end-users fed their banking passwords followed with the criminals intercepting the details. Subsequently, the offenders broke into the bank A/Cs as well as moved money into their own A/Cs.
According to Europol, the well arranged cyber-crime network responsible for a $100m malware assaults amassed over 41,000 victims, mainly entrepreneurs along with the financial institutions they associated with.
FBI and Europol substantiated that Alexander Konovolov along with Marat Kazandjian his accomplice is currently facing prosecution inside Georgia over the twosome allegedly playing a role within the GozNym malware scheme. In USA, authorities further revealed an indictment accusing 10 persons as belonging to the GozNym gang. They described Konovolov as collating the crew while Kazandjian executed that operation's technical aspects. GozNym developer Vladimir Gorin is one of the absconders.
» SPAMfighter News - 5/21/2019
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