The takedown of a massive malware crime network is now leading to consequences for some of its alleged participants. The US and the country of Georgia have sentenced three people for their roles in using GozNym malware to steal upwards of $100 million. Krasimir Nikolov was sentenced in the US to the 39 months he'd served in prison for serving as an "account takeover specialist," and will be retirned to Bulgaria. Two others, the "primary organizer" Alexander Konolov and his assistant Marat Kazandjian, have also been prosecuted in Georgia for their roles. The US Justice Department didn't detail their punishment.
This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
12/26/2019
Three people sentenced for running $100 million malware crime network
Engadget.com
The network operated for years, using GozNym to compromise over 41,000 computers and swipe money from targets' bank accounts. It started falling apart when Nikolov was caught and extradited to the US in December 2016, although he didn't plead guilty until April 2019.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more information
Resources
Your electronic library to help in fighting financial fraud for all of our partners.
more information