Hackers paying up to 32 000 USD for Nokia 1100 phone - and why

[Juha-Matti Laurio <juha-matti.laurio () netti fi>]

"Criminals are willing to pay thousands of euros for a discontinued Nokia mobile phone with a
software problem that ensures they can into hack into online bank accounts.

According to Frank Engelsman of fraud investigator Ultrascan Advanced Global Investigations,
someone recently transferred €25,000 (£22,500) for a Nokia 1100 phone.
The candy-bar style phone is one of Nokia's all-time best-selling models, and originally sold for under €100 (£89).

Engelsman said police contacted Ultrascan about six months ago to see if the security company
knew why the phones were in demand.
Since then, Ultrascan has seen the price for the Nokia 1100 rise from around €5,000 (£4,400) to the latest figure."

And

"It appears that a known Russian and Moroccan cybercrime gang, as well as other Romanian gangs,
are trying to obtain the Nokia 1100 with the vulnerable software, Engelsman said."

More at
http://www.pcadvisor.co.uk/news/index.cfm?RSS&NewsID=114589

 
Juha-Matti

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