Slashdot Mirror


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.

3 of 144 comments (clear)

  1. sweden??? by lordholm · · Score: 5, Informative

    The article does not even mention the word Sweden or Zweden. It does however mention Denmark, which is not equal to Sweden.

    --
    "Civis Europaeus sum!"
    1. Re:sweden??? by MadKeithV · · Score: 4, Funny

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

  2. Re:Dutch original? by mrvan · · Score: 4, Informative

    Flemish is a dialect of the Dutch language. I know, dialect is generally a political rather than a linguistic term, but:

    - The official languages of Belgium are Dutch and French (and German...), not Flemish and Walloon
    - The written languages are identical (except for some idiom)
    - People can understand each other without effort (except for heavy local dialects, which is the same in most languages)
    - Anecdotally, I think the within-country dialectal differences (e.g. standard Dutch versus Limburgs, Twents; "standard Flemish" vs. West-vlaams etc) are as great as or greater than the between-country differences.

    you should see Dutch and Flemish the way you see British English and American English, minus the spelling differences.