Nokia model 1100 being used for hacking
A firm represent considerable authority in extortion examination has affirmed the bits of gossip encompassing the Nokia 1100's capacities to hack through bank exchanges.
The Ultrascan organization has given a presentation that exhibits how programmers can reinvent that specific model of Nokia cellphone to get other individuals' SMS (Short Message Service, also called instant messages), which could bring about genuine repercussions to ledger holders from Holland and Germany.
That is on account of German and Dutch banks use SMS to permit their customers to do keeping money exchanges.
Nokia 1100 has a vulnerability in the software
It allows attackers to abuse it to make anonymous calls.
Ultrascan is the first company to establish that Bochum-manufactured Nokia 1100 cellphones are capable of doing very potent and financially crippling SMS hacks.
Nokia itself maintains that its firmware has no flaws or exploitable vulnerabilities that will allow online banking frauds.
Many of its customers wish that the Finnish phone company's claims are correct.
However, the fact that the $100 phone is currently being sold for $32,000 underground doesn't bode well to these people's hopes.
They'll probably use phishing scams and the like to acquire key information from their marks first, and then go from there.