Krasimir Nikolov, age 44, from Bulgaria, faces up to 100 years in Jail and has to pay up to $3.5 million fine for his connection with GozNym malware

Hacker Faces Up To 100 Years In Jail For Spreading Malware

Back in April this year, IBM X-Force Research reported the existence of a new Trojan hybrid which is developed from the Gozi ISFB and Nymaim malware. By combining both malware, GozNym malware worked as a powerful banking trojan, and within a short period, it became widespread in different countries.

US authorities have now indicated a man whose name is Krasimir Nikolov, age 44, from Bulgaria had played a crucial role in the distribution of this GozNym malware. The charges according to US department of Justice says that Krasimir Nikolov now faces up to 100 years in jail and a fine up to $3.5 million for his crimes.

This banking Trojan was known to have targeted 22 different financial organizations like banks and credit unions in the US. As reported by Bleeping computer “Nikolov’s operation was part of the massive Avalanche malware distribution network, which authorities in a few dozen countries were investigating, and brought down at the end of November”

According to the authorities, Krasimir Nikolov used the trojan to collect banking credentials and then attempted to initiate fraudulent transactions. Krasimir Nikolov was one of the early Avalanche arrest, which is followed by the main administrator of the malicious network and 34 people.

So, now according to an indictment by the US department of Justice, Krasimir Nikolov now faces up to 100 years in Jail for all his crimes and also have to pay the fine of up to $3.5 million.

So, what do you think about these types of activities? Share your opinion in the comment box below.