silversurfer

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Europol said it has dismantled the cybercrime network behind the GozNym malware, which siphoned more than $100 million from businesses.

The cybercrime network behind the GozNym malware, used to siphon $100 million out of its victims, has been dismantled in a massive international investigation, according to authorities.

Europol said on Thursday that they are charging 10 members of the GozNym criminal network with spreading the malware to businesses and stealing money from more than 41,000 victims.

“An unprecedented, international law enforcement operation has dismantled a complex, globally operating and organised cybercrime network,” Europol said in a Thursday statement. “The criminal network used GozNym malware in an attempt to steal an estimated $100 million from more than 41,000 victims, primarily businesses and their financial institutions.”
 

upnorth

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Over the course of the international operation, searches were conducted in Bulgaria, Georgia, Moldova and Ukraine. Criminal prosecutions have been initiated in Georgia, Moldova, Ukraine and the United States.

The GozNym network exemplified the concept of “cybercrime as a service,” with different criminal services such as bulletproof hosters, money mules networks, crypters, spammers, coders, organizers, and technical support. The defendants advertised their specialised technical skills and services on underground, Russian-speaking online criminal forums. The GozNym network was formed when these individuals were recruited from the online forums by the GozNym leader who controlled more than 41 000 victim computers infected with GozNym malware. The leader of the GozNym criminal network, along with his technical assistant, are being prosecuted in Georgia by the Prosecutor’s Office of Georgia and the Ministry of Internal Affairs of Georgia.