#1 Trusted Cybersecurity News Platform Followed by 4.50+ million
The Hacker News Logo
Get the Free Newsletter
SaaS Security

GozNym Banking Malware | Breaking Cybersecurity News | The Hacker News

Hackers Behind GozNym Malware Sentenced for Stealing $100 Million

Hackers Behind GozNym Malware Sentenced for Stealing $100 Million
Dec 21, 2019
Three members of an international organized cybercrime group that was behind a multi-million dollar theft primarily against U.S. businesses and financial institutions have been sentenced to prison, the U.S. Justice Department announced. The criminals used the GozNym banking Trojan to break into more than 4,000 victim computers globally, primarily in the United States and Europe, between 2015 and 2016, and fraudulently steal nearly $100 million from their banking accounts. In May this year, Europol dismantled the cybercrime network behind GozNym, with the United States issuing charges against a total of ten members of the group, 5 of which were arrested at that time, while five others, including the developer of GozNym, remain at the run. In a federal court in Pittsburgh on Friday, Krasimir Nikolov , one of the group's members, was sentenced to a period of time served after having served over 39 months in prison for his role as an "account takeover specialist" i

'GozNym' Banking Malware Gang Dismantled by International Law Enforcement

'GozNym' Banking Malware Gang Dismantled by International Law Enforcement
May 16, 2019
In a joint effort by several law enforcement agencies from 6 different countries, officials have dismantled a major global organized cybercrime network behind GozNym banking malware . GozNym banking malware is responsible for stealing nearly $100 million from over 41,000 victims across the globe, primarily in the United States and Europe, for years. GozNym was created by combining two known powerful Trojans—Gozi ISFB malware, a banking Trojan that first appeared in 2012 and Nymaim, a Trojan downloader that can also function as ransomware. In a press conference held on Thursday, Europol said the operation was successfully conducted with the cooperation between Bulgaria, Germany, Georgia, Moldova, Ukraine, and the United States. The United States has charged ten members of the GozNym criminal network, 5 of which were arrested during several coordinated searches conducted in Bulgaria, Georgia, Moldova, and Ukraine. However, rest of the five defendants reside in Russia and a

How to Accelerate Vendor Risk Assessments in the Age of SaaS Sprawl

How to Accelerate Vendor Risk Assessments in the Age of SaaS Sprawl
Mar 21, 2024SaaS Security / Endpoint Security
In today's digital-first business environment dominated by SaaS applications, organizations increasingly depend on third-party vendors for essential cloud services and software solutions. As more vendors and services are added to the mix, the complexity and potential vulnerabilities within the  SaaS supply chain  snowball quickly. That's why effective vendor risk management (VRM) is a critical strategy in identifying, assessing, and mitigating risks to protect organizational assets and data integrity. Meanwhile, common approaches to vendor risk assessments are too slow and static for the modern world of SaaS. Most organizations have simply adapted their legacy evaluation techniques for on-premise software to apply to SaaS providers. This not only creates massive bottlenecks, but also causes organizations to inadvertently accept far too much risk. To effectively adapt to the realities of modern work, two major aspects need to change: the timeline of initial assessment must shorte
Cybersecurity Resources