Online Banking Trojan Stole Money From Belgians

hankwang writes "Belgian authorities uncovered an international network of online banking fraud (Google translation; Dutch original), which has been going on since 2007. The fraud targeted customers of several major banks, which used supposedly secure two-factor systems that require the customer to generate authorization codes from transaction information (random code and amount or recipient's account number) that is manually keyed into a cryptographic device (Flash demo from one of the banks; manufacturer's website). Trojan horses that were planted onto the victims' computers would generate a fake error message and request that the victim re-enter the authorization code. This way, amounts up to €4,000 were transferred to money mules and thence to Eastern Europe. The worrying part is that many cases were never reported to the police, because the bank preferred to refund the money to the victim rather than risking its reputation. The extent of this type of fraud is unknown." The article mentions in passing that similar crimes are occurring in Germany and Sweden.

Comments

Re:sweden???

[MadKeithV]

Yeah, but why NOT Sweden, it has some lovely lakes?

Really good Flash demo

[noidentity]

(Flash demo from one of the banks; manufacturer's website). Trojan horses that were planted onto the victims' computers would generate a fake error message and request that the victim re-enter the authorization code.

That's an excellent Flash demo. For some reason it asked for my account number and password. It's on a safe site so I went ahead and entered it, but it gave some kind of error.

Re:Dutch original?

[Anonymous Coward]

<homer>stupid Flanders.</homer>

We apologise for the fault in the Post

[BrightSpark]

You failed to mention the wonderful telephøne system and mani interesting furry animals. Those responsible for that post have all been sacked. signed : JUTTE HERMSGERVORDENBROTBORDA http://www.smouse.force9.co.uk/monty.htm

Re:Sweden Denmark

[Anonymous Coward]

Are you saying that there is another land outside America? That America is not the one and only inhabited ground on this planet, and that anywhere else there are not just aliens or eventually oil but also other human beings?

That's impossible. Another lie of those freaky evolutionists.

you need to understand the derivation

[circletimessquare]

although true of all the low countries, belgium is yet more cold and clammy and humid than the netherlands. this means people generally have a lot of mucus build up in their airways. so in belgium they speak their dutch with a more gutteral, throaty idiom

thus, they speak "phlegmish"