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Swedish Bank Tapped By Cybercrime
David Utter
Staff Writer
2007-01-22
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The $1.1 million lost to Russian criminals by a Swedish bank took place over a three-month period, with a keylogging Trojan at the heart of the scheme.
 | | Swedish Bank Tapped By Cybercrime |  |
The crime could be the biggest payout thieves have scored over the Internet. Nordea, a Swedish bank, lost the sum of $1.1 million in increments, spread across the accounts of some 250 customers.
Details of the crime came from security firm McAfee, which explained in a statement the basics of the crime:
• The criminals developed a tailor-made Trojan which was sent to the bank's customers disguised as a spam fighting application
• Once the customers downloaded the application, they were infected by the Trojan haxdoor.ki
• The haxdoor Trojan was modified to specifically target that bank
• The Trojan activated when people logged into their online banking account, allowing the criminals to gather passwords and transfer money from their accounts
• The attack has been traced to servers in Russia indicating that organized Russian criminals are behind this.
The BBC later reported that all of the affected customers were reimbursed for their losses:
"What is important is that none of our customers will have lost their money," said a bank spokesman.
"We are doing all we can to stop this."
But according to McAfee, there was nothing they could do to prevent this from happening. The Trojan affected customer PCs, over which current online banking solutions have no control.
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Tags: Nordea, Haxdoor.ki, Trojan
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About the Author:
David Utter is a business and technology writer for SecurityProNews and WebProNews.
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