Feeds

Phishers haul in money from Nordic bank

Trojan hijacks log-in details

Using blade systems to cut costs and sharpen efficiencies

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.®

The smart choice: opportunity from uncertainty

More from The Register

next story
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
HIDDEN packet sniffer spy tech in MILLIONS of iPhones, iPads – expert
Don't panic though – Apple's backdoor is not wide open to all, guru tells us
NEW, SINISTER web tracking tech fingerprints your computer by making it draw
Have you been on YouPorn lately, perhaps? White House website?
LibreSSL RNG bug fix: What's all the forking fuss about, ask devs
Blow to bit-spitter 'tis but a flesh wound, claim team
Black Hat anti-Tor talk smashed by lawyers' wrecking ball
Unmasking hidden users is too hot for Carnegie-Mellon
Attackers raid SWISS BANKS with DNS and malware bombs
'Retefe' trojan uses clever spin on old attacks to grant total control of bank accounts
Manic malware Mayhem spreads through Linux, FreeBSD web servers
And how Google could cripple infection rate in a second
Don't look, Snowden: Security biz chases Tails with zero-day flaws alert
Exodus vows not to sell secrets of whistleblower's favorite OS
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.