"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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