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Investigators Replicate Nokia 1100 Banking Hack 181

Ian Lamont writes "Investigators have duplicated an online banking hack using a 2003-era Nokia mobile phone. Authorities had been aware for some time that European gangs were interested in buying the phone, and were finally able to confirm why: It can be used to access victims' bank accounts using "special software written by hackers." The hack apparently works by letting criminals reprogram the phones to use someone else's phone number and receive their SMS messages, including mTANs (mobile transaction authentication numbers) from European banks. However, the only phones that work are 1100 handsets (pictures) made in a certain factory. Nokia had claimed last month it had no idea why criminals were paying thousands of euros to buy the old handsets."

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