How did a hybrid Trojan steal $4 million from two dozen U.S. and Canadian financial institutions within days?
The GozNym hybrid, part banking Trojan and part ransomware, combines features of Nymaim and Gozi ISFB malware to create a powerful Trojan, IBM Executive Security Advisor Limor Kessem said in an IBM alert. GozNym worked like a double-headed beast, where the two codes relied on one another to carry out the malware's internal operations, he said.
In terms of the Trojan's targets, IBM X-Force Research, which uncovered the hybrid malware, noted the GozNym hybrid's configuration targeted U.S. banks, credit unions and popular e-commerce platforms. Two Canadian financial institutions were also on the list.
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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.).
