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Phishing Scam Cripples European Emissions Trading
InfoSec News
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Thu Feb 4 00:49:46 CST 2010
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http://www.spiegel.de/international/europe/0,1518,675725,00.html
Spiegel Online
02/03/2010
Sneaky cyber-thieves have made millions by fraudulently obtaining
European greenhouse gas emissions allowances and reselling them. The
scam has hampered trading of the credits, which are seen as an important
tool in curbing climate change, in several European countries.
Most Internet users are familiar with the e-mail scam known in the
jargon as "phishing." A plausible-looking e-mail arrives in your in-box,
supposedly from your bank or a Web site like Ebay, informing you that
your account has been "compromised" and that you urgently need to log in
to the company's Web site to rectify matters. The catch is that the Web
site the e-mail directs you to is a spoof created by the hackers,
meaning that anyone who falls for the trick is unwittingly handing over
their all-important user names and passwords to the criminals.
Savvy e-mail users know to delete such e-mails straight away. But canny
thieves have now used the technique to make money in a very 21st century
fashion — by fraudulently gaining access to companies' greenhouse gas
emissions allowances and selling them on.
According to a report in the Wednesday edition of the Financial Times
Deutschland, hackers sent e-mails last Thursday to several companies in
Europe, Japan and New Zealand which appeared to originate from the
Potsdam-based German Emissions Trading Authority (DEHSt), part of the
EU's Emission Trading System (EU ETS). Ironically, the e-mail said that
the recipient needed to re-register on the agency's Web site to counter
the threat of hacker attacks.
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