Fergie's Tech Blog

Hackers Steal Millions in Carbon Credits

Kim Zetter writes on Threat Level:

That’s exactly what hackers went after last week when they obtained unauthorized access to online accounts where companies maintain their carbon credits, according to the German newspaper Der Spiegel.

The hackers launched a targeted phishing attack against employees of numerous companies in Europe, New Zealand and Japan, which appeared to come from the German Emissions Trading Authority. The workers were told that their companies needed to re-register their accounts with the Authority, where carbon credits and transactions are recorded.

When workers entered their credentials into a bogus web page linked in the e-mail, the hackers were able to hi-jack the credentials to access the companies’ Trading Authority accounts and transfer their carbon credits to two other accounts controlled by the hackers.

The scheme has produced a robust market for the trade of credits. More than 8 million tons of CO2 emissions worth $130 billion were traded in Europe last year.

posted by Fergie @ 2/03/2010 04:20:00 PM