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Nokia paid out millions in blackmail money to hackers

Nokia paid out millions in blackmail money to hackers
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It seems that not even large corporations are immune to scammers.

Finnish company Nokia was threatened six years ago with exposure of its source code for part of the operating system used in Nokia smartphones. These blackmailers made off with millions, and the case is still under investigation.

It's reported that the encryption key was acquired by the hackers for Nokia's Symbian software. If the encryption key had gone public, then anyone could have written code for the software.

This includes creating malware and viruses that would have been impossible to tell apart from the original software.

When the criminals first contacted the manufacturer, Nokia reached out to the police for help. They agreed to deliver the money to a parking lot in Tampere, Finland, but lost track of the hackers after the picked up the cash.

Why is this just now coming to light? The felony blackmail is still under official investigation.

"In 2007 Nokia's smartphone market share was about 50 percent with the Symbian software also used then by other manufacturers.

Nokia later moved to use Microsoft's Windows software in its smartphones and Microsoft bought Nokia's entire mobile phone business earlier this year for 5.6 billion euros ($7.6 billion)."

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Source: Reuters
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