Do you know why cybercriminals are so persistent? It sounds like the start of a joke, but it isn't. The fact is they make a lot of money.
Case in point: A new malware called GozNym or the Double-Headed Beast drained bank accounts to the tune of $4 million. Worse, it took just three days to snatch the money from 24 banks in the United States and Canada.
The banks weren't alone, though. The hackers, who are likely based in Russia or Eastern Europe, stole money from credit unions and online shopping sites. (See image below.)
The Double-Headed Beast combines two types of malware, which have been used in attacks for several years. Nymaim and Gozi were combined to form GozNym. Some versions of Gozi puts scripts onto Web browsers. When you log in to your bank's or credit union's website, it steals your credentials.
Nyaim infects your computer with ransomware. Note: We've seen a surge in ransomware attacks this year. In these attacks, hackers encrypt your computer, meaning they lock your photos and important documents, so you can't open them. They only unlock your files when you pay them ransom in bitcoin, which is an untraceable form of digital currency.
GozNym is tough for some antivirus programs to find, according to cybersecurity researchers.