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:Dutch original?

[nstlgc]

Not really. Flemish as a language does not exist - officially it's all Dutch. But don't blame yourself, more than half of the Flemish population is not really aware of this fact. (Full disclosure: I'm from Flanders)

Re:Sweden Denmark

[Killjoy_NL]

Pffff, somebody pissed in your cheerios this morning, jeez.
It is the same when we say America and then you counter that with The United States of America since America is more than North America alone.
And we technical people like to be technically correct, so the AC is 100% correct.
Calling the Netherlands Holland only shows ignorance and arrogance, deal with it.