WTH Do criminal want our old phone for?
Nokia 1100
Some hackers in the Europe have offer up to US$32000 for this Nokia 1100 old phone. According to a Dutch company this phone can allegedly be hacked so that it can facilitate illegal online banking transfers. The 1100 can apparently be reprogrammed to use someone else’s phone number, which would also let the device receive text messages. That capability opens up an opportunity for online banking fraud. In countries such as Germany, banks send an mTAN (mobile Transaction Authentication Number) to a person’s mobile phone that must be entered into a Web-based form in order to, for example, transfer money into another account. A TAN can only be used once, a security feature known as a one-time passcode.
via pcworld
