IBM warned a hybrid Trojan stole $4 million from some two dozen American and Canadian financial institutions within days of its emergence.

In terms of the Trojan's targets, IBM X-Force Research, which uncovered the hybrid malware, noted the GozNym hybrid's configuration is currently targeting U.S. banks, credit unions and popular e-commerce platforms. Two Canadian financial institutions were also on the list. GozNym's top targets are business accounts.

The GozNym hybrid takes the best of both Nymaim and Gozi ISFB malware to create a powerful Trojan, IBM Executive Security Advisor Limor Kessem said in the alert.

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Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).