Police smash ‘GozNym’ cybercrime community that stole $100 million By Reuters


#worldnews #tradingupdate #globalnews

© Reuters. News conference at Europol to announce a major law enforcement action against a transnational organized cybercrime network, in The Hague

THE HAGUE (Reuters) – Police in six countries have dismantled a complex cybercrime network that operated from Eastern Europe and fleeced victims – including small businesses and charities – of some $100 million, Europe’s police agency said on Thursday.

The GozNym network, led by a man from Tbilisi, Georgia, used phishing emails to infect the computers of more than 41,000 victims with malware. Specialised members of the group in Bulgaria and Ukraine then seized control of victims’ online bank accounts and tranferred their funds to laundering accounts.

Ten of the network’s members have been charged with conspiracy to steal online banking credentials and deposits under a U.S. grand jury indictment.

“The victims included mom and pop busineses…, law firms, international corporations,…non-profit organizations that worked with disabled children,” U.S. Attorney Scott Brady told a news conference in The Hague.

Brady said the collaboration between American, Georgian, Ukrainian, German, Bulgarian and Moldovan law enforcement that was required to dismantle the crime group would prove a “blueprint” for future operations.

GozNym featured the Georgian ringleader, a Russian software developer, encryption experts in Moldova and Kazakhstan, “account takeover specialists” in Bulgaria and Ukraine, as well as assorted spammers, money launderers and “mules” (money carriers).

The defendants allegedly advertised their specialised technical skills and services on underground, Russian-speaking online forums.

The operation against the group began in 2016 with a German-led action in Ukraine that shut down the network’s servers.

Its alleged leader is being prosecuted in Georgia. Other prosecutions are underway in Moldova, Ukraine and the U.S.

Five Russians charged in the U.S. indictment, including the man accused of having developed the malware, remain at large, according to Europol.

Disclaimer: FX Forex Trading would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore FX Forex Trading doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

FX Forex Trading or anyone involved with FX Forex Trading will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link


What You Think About This Topic? Leave Your COmment