Gozi Banking Trojan Creator pleads guilty

Creator of Banking Trojan 'Gozi' admitted his crime and is now awaiting sentencing.

Gozi is a trojan seen in action for quite some years now, and was first reported in 2007. It is a genuine threat to bankers and online banking in general as it has been separating people from their fortune.

In 2013, few men were arrested under the charges of operating the Gozi. Finally one of them, Deniss Calovskis, 30, has admitted committing the felon and pleaded guilty. Calovskis was held responsible for writing some of the codes for the trojan, according to a statement put out by the FBI in 2013. The agency said that the Latvian coder user the moniker 'Miami' in the web world, was arrested on suspicion of authorship for the code in his country in November 2012.

It was said and confirmed, that his codes misled people into thinking that they were on official banking sites.The US authorities were quite flabbergasted with the gang and the malware that provided the dark economy with "tens of millions of dollars". The rest of the gang are Russian Nikita Kuzmin and Romanian Mihai Ionut Paunescu. Reuters reported that the former admitted her crime in 2011, and that the latter is subject to extradition attention.

"This long-term investigation uncovered an alleged international cybercrime ring whose far-reaching schemes infected at least one million computers worldwide and 40,000 in the US, and resulted in the theft or loss of tens of millions of dollars," said FBI assistant director in charge George Venizelos."Banking trojans are to cyber criminals what safe-cracking or acetylene torches are to traditional bank burglars, but far more effective and less detectable. The investigation put an end to the Gozi virus."

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