EAST EUROPEAN CRIMINALS are willing to pay thousands for a clapped out Nokia with a software problem, according to a fraud investigator in the Netherlands.
Frank Engelsman said that cyber-gangs are paying 25,000 Euro for a Nokia 1100 phone which was once Nokia's all-time best-selling models in 2003.
Engelsman said the only ones that were worth anything were made in a factory in Bochum, Germany and contain software from 2002 that is vulnerable to tampering.
Apparently, the handsets can be used to intercept one-time passwords needed to complete an online banking transaction.
All the crims need to do is reprogramme the phone to use someone else's phone number, intercept the TAN code and enable an illegal money transfer into their own account. µ
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