New malware GozNym is stealing millions from U.S. bank account holders

microsoft security intelligence report 2016 online piracy
Mopic / Shutterstock
Hiding your money under your mattress may seem like an antiquated idea, but it may be the only way to stop a new hybrid malware monster that is attacking American and Canadian bank accounts. Known as GozNym, the malicious code actually combines two already powerful viruses known as Nymaim and Gozi. The resulting Trojan is as ruthless as it is resilient, and it has already been used to steal $4 million from over 24 U.S. and Canadian banks.

According to the IBM X-Force Research team that first uncovered this dangerous new weapon, which is being wielded by Eastern European hackers, GozNym takes the worst of each of its “parents.” “From the Nymaim malware, it leverages the dropper’s stealth and persistence; the Gozi ISFB parts add the banking Trojan’s capabilities to facilitate fraud via infected Internet browsers,” the IBM team writes. “The end result is a new banking Trojan in the wild.”

GozNym was first unleashed in early April, and has already inflicted considerable damage. It is unclear as of yet as to how many customers thus far have been affected, but the worst doesn’t appear to be over quite yet. IBM says that “GozNym’s operators’ top target is business accounts.” 50 percent of the attacks have been banking and credit unions, and another 17 percent of victims are retail banks.

This malware is particularly dangerous because it targets the actual consumer. Essentially, GozNym sneaks its way into a computer when an account holder clicks on email attachments or links, and then stays dormant until the user logs on to his or her bank account. Once this happens, GozNym really goes to work, stealing and sending information to hackers. “It all happens without the user seeing anything,” Etay Maor, executive security adviser at IBM Security tells the Wall Street Journal.

“To help stop threats like GozNym, banks and service providers can use adaptive malware detection solutions and protect customer endpoints with malware intelligence,” IBM notes. These tools could provide “real-time insight into fraudster techniques and capabilities, designed to address the relentless evolution of the threat landscape.”

Computing

Delete tracking cookies from your system by following these quick steps

Cookies are useful when it comes to saving your login credentials, but they can also be used by advertisers to track your browsing habits across multiple sites. Here's how to clear cookies in the major browsers.
Deals

Treat your ears to Sennheiser’s Momentum 2.0 with Amazon’s 49% discount

Amazon gives your ears a treat as it brings down the hefty $500 price tag of the Sennheiser Momentum 2.0 with a 49% discount. It may be considered a luxury but a pair can be within reach for $254.
Mobile

Rooting your Android device is risky. Do it right with our handy guide

Wondering whether to root your Android smartphone or stick with stock Android? Perhaps you’ve decided to do it and you just need to know how? Here, you'll find an explanation and a quick guide on how to root Android devices.
Computing

These are the 6 best -- and free -- antivirus apps to help protect your MacBook

Malware protection is more important than ever, even if you eschew Windows in favor of Apple's desktop platform. Thankfully, protecting your machine is as easy as choosing from the best free antivirus apps for Mac suites.
Computing

Keep your laptop battery in tip-top condition with these handy tips

Learn how to care for your laptop's battery, how it works, and what you can do to make sure yours last for years and retains its charge. Check out our handy guide for valuable tips, no matter what type of laptop you have.
Deals

Now’s your chance to get the latest iPad Pro for $100 less on Amazon

The latest iPad Pro has always been our favorite since its release last year, and we even tagged it as the best tablet ever. Don’t miss out on Amazon’s discount on the 12-inch 256GB Wi-Fi model and get yours today for $1,049.
Computing

1.5% of Chrome users’ passwords are known to be compromised, according to Google

In February, a new feature was introduced to the Google Chrome browser which checks whether users' passwords are secure. Now, Google has released eye-opening stats gathered from Password Checkup.
Computing

From Chromebooks to MacBooks, here are the best laptop deals for August 2019

Whether you need a new laptop for school or work, we have you covered. We've put together a list of the best laptop deals going right now, from discounted MacBooks to on-the-go gaming PCs.
Deals

Amazon cuts $52 off this Samsung Galaxy 10.1-inch tablet for the whole family

Normally priced at $330, you can grab the Samsung Galaxy Tab A 10.1-inch 128GB Wi-Fi tablet now for only $278 and enjoy $52 savings. On top of that, Amazon is offering an extra $28 discount when you apply for a coupon during checkout.
Computing

Tired of choosing between Windows and Mac? Check out these Chromebooks instead

We've compiled a list of the best Chromebooks -- laptops that combine great battery life, comfortable keyboards, and the performance it takes to run Google's lightweight Chrome OS. From Samsung to Acer, these are the Chromebooks that really…
Computing

Tired of your Mac freezing? Try these tips to fix your Mac

A Mac that keeps freezing can be an incredibly annoying thing to deal with, but fixing it doesn’t have to be a pain. There are six main things you should try, which we got through in this guide to help you fix the issue once and for all.
Computing

Here's our guide to how to charge your laptop using a USB-C cable

Charging via USB-C is a great way to power up your laptop. It only takes one cable and you can use the same one for data as well as power -- perfect for new devices with limited port options.
Computing

Latest Windows 10 update is causing random reboots and can break Visual Basic

The latest update for Windows 10, made available on Tuesday this week, includes patches against two critical vulnerabilities. But it is causing a string of issues including random reboots and failure to install.
Computing

Enjoy your music on more devices: Here's how to convert FLAC to MP3

FLAC files sound awesome — that is, if your device can handle the lossless format. No matter your OS there's a converter for you. Here's how to convert FLAC to MP3, so you no longer have to worry about incompatibility issues.