Happy New Year worm unmasked as stock scam

Nuwar.B worm intends to manipulate stocks by convincing recipients to buy shares in unnamed companies

The Happy New Year worm that caused mild alarm towards the end of last year now appears to be nothing more than a high-profile stock manipulation scam.

Panda Software reports the Nuwar.B worm variant is continuing its email spread at low levels using the same "Happy New Year" greeting and postcard.exe attachment that arrived with the first wave of infection of the worm some days ago, although its high point has now probably passed.

But the worm's intentions have become clearer with the passage of time. According to the company, the intention behind the worm was simply to manipulate stocks by convincing recipients to buy shares in unnamed companies.

Anyone running the attached executable would find themselves infected with the Spammer.EN Trojan. The malware then sets out to harvest any email addresses it finds on the system to send out stock manipulation emails via specific servers the software is able to connect to. Infection appears to pose no direct risk to a user's PC.

"In this case we see how an email worm is being used to make money," said Mikel Perez, of Panda Software's Malware Detection Department.

"Most likely this is a criminal that has bought stocks at a low price, and has endeavoured to increase their price and obtain large benefits by spreading Nuwar.B."

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

John E. Dunn

Techworld.com
Show Comments

Father’s Day Gift Guide

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?