YOUR NOKIA 1100 MAY EARN YOU MORE THAN €5000,BELIEVE IT. . ?

CRIMINALS PAY TOP MONEY FOR HACKABLE NOKIA 1100 MOBILE PHONES:

criminals're willing to pay thousands of €'s for discontinued nokia mobile phone with the software problem that can be exploited to hack into online bank accounts,according to fraud investigator in the Netherlands.

About 10 days ago,investigators observed someone transfers €25,000(32,413US$)for a nokia 1100 phone,said Frank Engelsman of Ultrascan advanced global investigations.The candy-bar style nokia model mobile is the all time selling best mobile in the world,and originally sold for below €100.

Police contacted this lab for an investigation that 'WHY these bar phones are in demand'.Since then,this lab seen that the price of nokia 1100 is rise around €5000 to the latest figures.
"we thought that what could be the special of that phone?"said Engelsman.
The nokia 1100 is a low-cost phone released in the late 2003 and aimed at developing markets.Nokia has sold over 200 million of the nokia 1100 mobile phones and its successors.
However the high price are only being paid for nokia 1100 mobile phones that were made in a factory in bochum,Germany.Engelsman said,citing an ultrascan informant.Those phones contains nokia software from 2002 that's apparently vulnerable to tampering.

Investigators don't have the complete picture of the technical problem.However ultrascan's informant said the phones can be used to intercept one time passwords needed to complete ONLINE BANKING TRANSACTION. . . ,Engelsman said.

It appears that a known Russian and Morroccan cybercrime gang,as well as other Romanian gangs,are trying to obtain the Nokia 1100 phones with the vulnerable software,said Engelsman.
Nokia officials contacted monday morning did not have any immediate comment.
Engelsman said,'cybercriminals have collected thousands of user names and passwords for online banking accounts in countries such as GERMANY and HOLLAND.Banks in those countries also requests TAN(Transaction Authentication Number) code or one-time password to complete a transaction.

Those banks previously issued list of TAN codes to customers.

During the transaction,the bank would request one of the codes to complete the transaction. Due to successful phishing attacks where the people have been tricked into revealing some TAN codes,the banks are now sending the codes by sms's(SHORT MESSAGE SERVICES) to a person's mobile phone,said Engelsman.

The BOCHAm-made nokia 1100 can apparently be re-programmed to use someone's else phone number,thus intercepting the TAN code and enabling illegal money transfer into criminal's bank accounts.,said Engelsman.

Ultrascan trying to obtain the affected Nokia 1100 model to verify if attacks works as described, he said.
The Nokia 1100 also had other software problems.A drug-related criminal case in Netherlands in late 2005 detailed how the police difficulty linking sms's sent from Nokia 1100 phones to a specific phone number.Police were,however,able to use other means to identify the general areas in which the phones were used,which helped BOLSTER and their case,said Engelsman. . . . .

Regards Kid.