Huge Online Loss by Swedish Bank Nordea – Claimed to be Biggest Loss?

Use Netsparker


A massive online heist, some (like McAfee) claim it’s the biggest ever online sting involving a bank, it’s comes in at about half a million pounds or or $1.1 million USD.

Using some l33t0 custom trojan, it seems to be more a case of lack of education and the whole situation could have been avoided by using 2 factor authentication such as hardware tokens or SMS verification.

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.

If it’s a custom trojan I don’t see how anti-viral software would have helped, but then…executives and corporates tend to talk a lot of crap when it comes to technical issues.

Nordea spokesman for Sweden, Boo Ehlin, said that most of the home users affected had not been running antivirus on their computers. The bank has borne the brunt of the attacks, and has refunded all the affected customers.

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

“It is more of an information rather than a security problem,” said Ehlin. “Codes are a very important thing. Our customers have been cheated into giving out the keys to our security, which they gave in good faith.”

As always just be wary, no point preaching here as the people reading this site know not to open random executables sent from anywhere unless they are signed and md5 hashed ;)

Source: Zdnet UK

Posted in: Hacking News, Malware, Privacy, Social Engineering

, , , ,


Latest Posts:


airgeddon - Wireless Security Auditing Script airgeddon – Wireless Security Auditing Script
Airgeddon is a Bash powered multi-use Wireless Security Auditing Script for Linux systems with an extremely extensive feature list.
Acunetix v12 - Pause & Resume Acunetix v12 – More Comprehensive More Accurate & 2x Faster
Acunetix, the pioneer in automated web application security software, has announced the release of Acunetix v12 - more comprehensive, accurate & 2x faster.
CloudFrunt - Identify Misconfigured CloudFront Domains CloudFrunt – Identify Misconfigured CloudFront Domains
CloudFrunt is a Python-based tool for identifying misconfigured CloudFront domains, it uses DNS and looks for CNAMEs which may be allowed to be associated with CloudFront distributions.
Airbash - Fully Automated WPA PSK Handshake Capture Script Airbash – Fully Automated WPA PSK Handshake Capture Script
Airbash is a POSIX-compliant, fully automated WPA PSK handshake capture script aimed at penetration testing, it is compatible with Bash and Android Shell.
XXEinjector - Automatic XXE Injection Tool For Exploitation XXEinjector – Automatic XXE Injection Tool For Exploitation
XXEinjector is an XXE Injection Tool that automates retrieving files using direct and out of band methods. Directory listing only works in Java applications.
Yahoo! Fined 35 Million USD For Late Disclosure Of Hack Yahoo! Fined 35 Million USD For Late Disclosure Of Hack
Ah Yahoo! in trouble again, this time the news is Yahoo! fined for 35 million USD by the SEC for the 2 year delayed disclosure of the massive hack, we actually reported on the incident in 2016 when it became public.


3 Responses to Huge Online Loss by Swedish Bank Nordea – Claimed to be Biggest Loss?

  1. Bogwitch March 14, 2007 at 1:43 pm #

    “As always just be wary, no point preaching here as the people reading this site know not to open random executables sent from anywhere unless they are signed and md5 hashed ”

    So, you would open a random executable as long as it was signed and hashed?

    Sheesh.

  2. Darknet March 14, 2007 at 6:18 pm #

    Bloody pedants!

  3. Patrick Ogenstad March 15, 2007 at 8:05 am #

    “If it’s a custom trojan I don’t see how anti-viral software would have helped, but then…executives and corporates tend to talk a lot of crap when it comes to technical issues.”

    Then again a lot of people will listen to the fact that some of the customers didn’t have antivirus, by talking about antivirus and giving it away for free the bank is shifting the blame to the customers.

    That way less focus will be spent on the banks security issues. It would be more useful so check how many of the customers were running as a local administrator.