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Investigators Replicate Nokia 1100 Banking Hack

Posted by timothy on from the could-be-an-ebay-scam-rumor dept.

Ian Lamont writes "Investigators have duplicated an online banking hack using a 2003-era Nokia mobile phone. Authorities had been aware for some time that European gangs were interested in buying the phone, and were finally able to confirm why: It can be used to access victims' bank accounts using "special software written by hackers." The hack apparently works by letting criminals reprogram the phones to use someone else's phone number and receive their SMS messages, including mTANs (mobile transaction authentication numbers) from European banks. However, the only phones that work are 1100 handsets (pictures) made in a certain factory. Nokia had claimed last month it had no idea why criminals were paying thousands of euros to buy the old handsets."

7 of 181 comments (clear)

  1. still using one by jaroslav · · Score: 5, Funny

    I've got one of these in my pocket right now. Do you think it would raise any suspicion if I posted it on eBay now?

    Nokia 1100 L000000K! RARE! HACK BANKS!!!

  2. Nokia: 1 - Apple: 0 by Jonas+Buyl · · Score: 5, Funny

    Smart move from Nokia trying to outsell the iPhone

    1. Re:Nokia: 1 - Apple: 0 by SydShamino · · Score: 5, Funny

      Although something tells me that Nigeria isn't neccessarily most prominent market for apple, since price of an iphone is equal to one years salary for an average nigerian.

      That's just because the average Nigerian's money is caught up in an off-shore bank account, and we aren't doing our part to help them access the funds despite the generous offer of 10% commission.

      --
      It doesn't hurt to be nice.
  3. Re:It may be illegal.. by K.+S.+Kyosuke · · Score: 5, Funny

    I guess they think as well that they deserve some credit. That's why they are breaking into a bank.

    --
    Ezekiel 23:20
  4. Re:Damn... by ObsessiveMathsFreak · · Score: 5, Funny

    You've turned him to a life of crime!!

    --
    May the Maths Be with you!
  5. Re:It may be illegal.. by FooAtWFU · · Score: 5, Funny

    I guess they think as well that they deserve some credit. That's why they are breaking into a bank.

    That's debit, silly.

    --
    The World Wide Web is dying. Soon, we shall have only the Internet.
  6. crack bank accounts? by IlluminatedOne · · Score: 5, Funny

    There's an app for that...