24 February 2018
visit www.ebaday.com

Gozi virus creator escapes long prison term

03 May 2016  |  5351 views  |  1 Computer virus

The cyber-crook behind the Gozi computer virus, which infected more than a million computers causing tens of millions of dollars of losses, has been spared a lengthy prison spell by a US court because of his cooperation with prosecutors.

Nikita Kuzmin, who was arrested in 2010 and pleaded guilty to computer intrusion and fraud charges in 2011, has been sentenced to 37 months time served and ordered to pay $6.9 million in forfeiture and restitution.

Gozi infected victims' computers through PDFs, before collecting bank account usernames and passwords. The information was sent back to computer servers controlled by the crooks and used to transfer funds out of the accounts.

Authorities say that Kuzmin pioneered the service provider model among cybercriminals, renting out Gozi to other crooks, charging a fee of $500 a week paid in digital currency WebMoney.

Prosecutors say the Gozi malware has infected over a million computers, among them at least 40,000 in the US - including some belonging to Nasa - causing tens of millions of dollars in losses.

A Latvian accomplice called Deniss Calovskis who wrote code for web injects that enabled Gozi to target particular banks was sentenced to 21 months time served back in January. A third member of the gang, Mihai Ionut Paunescu, was arrested in Romania in 2012 and awaits extradition to the States.
KeywordsLEGAL

Comments: (1)

A Finextra member
A Finextra member | 04 May, 2016, 09:11

It isn't much of a deterrent really is it? Why does law enforcement not take this seriously?

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Swift warns banks of malware threat

Swift warns banks of malware threat

25 April 2016  |  10211 views  |  0 comments | 16 tweets | 12 linkedin
Hackers behind billion dollar SpyEye malware jailed

Hackers behind billion dollar SpyEye malware jailed

21 April 2016  |  7884 views  |  2 comments | 5 tweets | 7 linkedin
'Double-headed beast' swipes $4 million from business bank accounts

'Double-headed beast' swipes $4 million from business bank accounts

15 April 2016  |  10566 views  |  0 comments | 8 tweets | 15 linkedin
Russian banks lose $25.7 million to network worm

Russian banks lose $25.7 million to network worm

18 March 2016  |  10097 views  |  0 comments | 11 tweets | 9 linkedin
Security experts warn of new breed of bank malware

Security experts warn of new breed of bank malware

09 February 2016  |  12888 views  |  0 comments | 9 tweets | 20 linkedin
US charges three over Gozi bank malware

US charges three over Gozi bank malware

24 January 2013  |  5319 views  |  0 comments | 5 tweets

Related blogs

Create a blog about this story (membership required)
Visit http://info.nice.comvisit www.ebaday.comVisit www.vasco.com

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
11794 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10326 views 3 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
8568 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8090 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7775 views comments | 10 tweets | 14 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job