Huge Online Bank Heist

Published By: Bruce Schneier on January 23, 2007 - 2:54pm
Original Blog Entry Located Here
Filed In: Security

Wow:

Swedish bank Nordea has told ZDNet UK that it has been stung for between seven and eight million Swedish krona -- up to £580,000 -- in what security company McAfee is describing as the "biggest ever" online bank heist.

Over the last 15 months, Nordea customers have been targeted by emails containing a tailormade Trojan, said the bank.

Nordea believes that 250 customers have been affected by the fraud, after falling victim to phishing emails containing the Trojan. According to McAfee, Swedish police believe Russian organised criminals are behind the attacks. Currently, 121 people are suspected of being involved.

This is my favorite line:

Ehlin blamed successful social engineering for the heist, rather than any deficiencies in Nordea security procedures.

Um...hello? Are you an idiot, or what?


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