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

These are the worst passwords of 2018. Is yours on this list?

Do you use a bad password that makes your online accounts easy to break into? SplashData has compiled a list of the top 100 worst passwords for 2018 and there are quite a few listings that were carryovers from prior lists.
Photography

These are the best action cameras money can buy

Action cameras are great tools for capturing videos of your everyday activities, whether it's a birthday party or the steepest slope you've ever descended on your snowboard. These are the best money can buy.
Home Theater

Looking for the best 4K Ultra HD TVs you can buy? Here are five great options

If it's time to upgrade your old 1080p to a new 4K model but you don't know what to look for, fear not, as we're here with a list of the best 4K Ultra HD TVs to help make your buying process as easy as possible.
Smart Home

Porch pirate problems? Keep them away with these tips and tricks

The holiday season is fast approaching and the packages are arriving on our doorsteps. Are you worried about porch pirates stealing your gifts this holiday season? Here are some tips to help protect your purchases.
Computing

Does Qualcomm's latest laptop processor hold up against Intel's Core i5?

Qualcomm has been nipping at Intel's mobile CPU heels for years and now it might finally have overtaken it. To find out whether it's new SoC can hold its own in mid-range computing, we pitted the Snapdragon 8cx vs. Core i5.
Photography

Not just for Lightroom anymore, Loupedeck+ now works with Photoshop

Loupedeck+ can now help photographers edit in Photoshop too, thanks to physical controls for swapping tools, running actions, and more. The photo-editing console expanded to include Photoshop in the list of compatible editing programs.
Computing

Turn your Raspberry Pi into a Steam streaming hub with Valve’s Steam Link app

Valve's Steam Link app is now fully supported by Raspberry PI hardware, meaning that just about anyone with a few dollars to spare can build their own Steam streaming box in a matter of minutes.
Computing

Amazon takes $300 off Intel Core i7 Surface Pro 6 in latest sale

If you're looking for savings on the Surface Pro 6, Amazon is the place to shop. It currently is discounting the Intel Core i7 variant of Microsoft's latest 2-in-1 by $300, though no Type Cover is included.
Music

Here's our head-to-head comparison of Pandora and Spotify

Which music streaming platform is best for you? We pit Spotify versus Pandora, two mighty streaming services with on-demand music and massive catalogs, comparing every facet of the two services to help you decide which is best.
Computing

Our favorite Chrome themes add some much-needed pizzazz to your boring browser

Sometimes you just want Chrome to show a little personality and ditch the grayscale for something a little more lively. Lucky for you, we've sorted through the Chrome Web Store to find best Chrome themes available.
Computing

Don't keep typing the same thing -- learn to copy and paste with these shortcuts!

Looking for useful Windows keyboard shortcuts? The most common are the cut, copy, paste and undo shortcuts compatible with all kinds of tasks. They can save you an awful lot of time if you learn how to use them.
Computing

Latest Facebook bug exposed up to 6.8 million users’ private photos

An API bug recently left an impact on Facebook users. Though the issue has since been fixed, some of the apps on the platform had a wrongful access to consumers photos for 12 days between September 13 and September 25. 
Computing

You can now get a Surface Laptop 2 for $800 at the Microsoft Store

Along with deals on other variants, starting configurations of Microsoft's Surface Laptop 2 are now going for $800 online at its retail store, cutting $200 from its usual $1,000 starting price. 
Computing

Need a monitor for professional photo-editing? These are the very best

Looking for the best monitor for photo editing? You'll need to factor in brightness, color accuracy, color gamut support and more. Fortunately, we've rounded up the best ones for you, to help you make an educated purchase.