In April, a new breed of bank robber hit 24 U.S. and Canadian banks, scooping up $4 million in less than two weeks before heading to Europe and stripping millions more from 17 Polish banks and one major Portuguese bank. From all reports, the bandit is just getting warmed up, with hundreds more banks on the list.

But this crook is code. Dubbed GozNym by security experts, it’s the progeny of Gozi and Nymaim, two forms of malware each considered powerful and dangerous standing alone. In GozNym, they have spawned an efficient predator that feeds on financial institutions by attacking them through their weakest and most lucrative vulnerability—commercial banking customers.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]