Hackers in Europe have been paying up to 25,000 Euros (over 32,000 USD) for the long-discontinued Nokia 1100, which originally retailed for under 100 Euros. The phones, which were originally intended for developing countries, were discovered to be hackable to be able to intercept one-time passwords used in banking transactions.

Mind you, not just any Nokia 1100 - after all, over 200 million were sold - but specifically ones made in Bochum, Germany factory. Something about the software used on those phones make them vulnerable to hacker modification. Large cybercrime syndicates can therefore use their wealth of gathered information procured from other sources to target specific people that may have relegated previously extraneous information in their exploits. The modified 1100 can then be reprogrammed to use the victim’s cell phone number, and be used to transfer funds into the criminal’s account.

The 1100 has also been fingered in another drug-related case, where calls made with a 1100 were unable to be traced to a specific region or number.

Oh Nokia, we know you didn’t meant to.
 
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