Hacker Faces 100 Years in Prison
Posted by: Timothy Weaver on 12/18/2016 11:48 AM
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Krasimir Nikolov, age 44, of Varna, Bulgaria, has been indicted for his role in the distribution of the GozNym malware.
The malware is a combination of the Gozi banking trojan and the Nymaim dropper/ransomware. It first took root in the U.S. in 2015 and quickly spread to a large number of countries, such as Canada, the UK, Japan, Spain, Poland, Brazil, and Germany.
During its rampage throughout the U.S., it attacked 22 financial companies and credit unions in the U.S alone.
Nikolov used the malware to gather banking credentials and then initiate fraudulent transactions. Some of the more noteworthy hacks include Nord-lock where he made unauthorized wire transfers of $387,500 from its online account at PNC Bank.
Unknown to authorities at the time, GozNym was a part of the Avalanche malware network. That network was taken down in November.
The U.S. Department of Justice has reported that Nikolov faces 100 years in prison and a fine of $3.5 million.
Souce: Bleeping Computer
The malware is a combination of the Gozi banking trojan and the Nymaim dropper/ransomware. It first took root in the U.S. in 2015 and quickly spread to a large number of countries, such as Canada, the UK, Japan, Spain, Poland, Brazil, and Germany.During its rampage throughout the U.S., it attacked 22 financial companies and credit unions in the U.S alone.
Nikolov used the malware to gather banking credentials and then initiate fraudulent transactions. Some of the more noteworthy hacks include Nord-lock where he made unauthorized wire transfers of $387,500 from its online account at PNC Bank.
Unknown to authorities at the time, GozNym was a part of the Avalanche malware network. That network was taken down in November.
The U.S. Department of Justice has reported that Nikolov faces 100 years in prison and a fine of $3.5 million.
Souce: Bleeping Computer
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