Feeds

Phishers haul in money from Nordic bank

Trojan hijacks log-in details

Protecting against web application threats using SSL

Phishing gangs have managed to steal about €900,000 from accounts at Swedish bank Nordea since last autumn using a Trojan horse, according to Computer Sweden.

Swedish police say they are still receiving reports of losses to the scam.

At least 250 customers have been affected; the accounts of another 121 customers are under investigation. Nordea, the largest bank in Nordic countries, have confirmed the attacks, but didn’t inform the public until now.

Reports of phishing attacks against Nordea Sweden popped up as early as October 2005, but according to Computer Sweden the first successful attack took place in September 2006.

The Trojan is activated when customers enter their log-in details. An error message appears and the details are sent to the phishers in the US and Russia. In some cases large amounts of money were taken from the accounts. Nordea managed to cancel some of the transactions. The bank says it will compensate all victims of the attacks.

Phishing attacks continue to escalate both in numbers and sophistication according to Internet monitor Netcraft. There were at least 609,000 confirmed phishing sites last year. Several attacks saw phishers hack into bank web servers and use them in attacks. In March, a Chinese bank's web server hosted phishing sites targeting US banks. The phishing pages were placed in hidden directories on The China Construction Bank (CCB) Shanghai Branch. This attack was the first recorded instance where a bank's infrastructure was used to attack another institution.

A July attack on Citibank demonstrated a technique that was even able to defeat two-factor authentication tactics. The second authentication factor used by Citibank is provided by a security token which generates a one-time password that remains valid for approximately one minute.®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Early result from Scots indyref vote? NAW, Jimmy - it's a SCAM
Anyone claiming to know before tomorrow is telling porkies
TOR users become FBI's No.1 hacking target after legal power grab
Be afeared, me hearties, these scoundrels be spying our signals
Home Depot: 56 million bank cards pwned by malware in our tills
That's about 50 per cent bigger than the Target tills mega-hack
Hackers pop Brazil newspaper to root home routers
Step One: try default passwords. Step Two: Repeat Step One until success
NORKS ban Wi-Fi and satellite internet at embassies
Crackdown on tardy diplomatic sysadmins providing accidental unfiltered internet access
UK.gov lobs another fistful of change at SME infosec nightmares
Senior Lib Dem in 'trying to be relevant' shocker. It's only taxpayers' money, after all
Critical Adobe Reader and Acrobat patches FINALLY make it out
Eight vulns healed, including XSS and DoS paths
Spies would need SUPER POWERS to tap undersea cables
Why mess with armoured 10kV cables when land-based, and legal, snoop tools are easier?
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.