Wednesday, April 22, 2009

Markets in everything, antique cellphone edition

Here's the deal:

"Got an old Nokia 1100 sitting around? You may be sitting on a fortune... albeit with a catch.

Certain circles are said to be paying upwards of $32,000 for the handsets, at least those made in Nokia's Bochum factory in Germany.

Why? According to reports, the criminal underground has found a way to hack into the phones' firmware to allow for illegal bank transfers by reprogramming the phone number on the handset.

Changing the phone number would give hackers the ability to send and receive text messages via the handset, which would in turn open the door for completing basic bank transactions, particularly in Europe."

As always, a big hat tip to LeBron for the meme