ProcurementAlert.com » Oops! Security blunder was ‘technical mistake’

Oops! Security blunder was ‘technical mistake’

March 2, 2009 by Charlie Walker
Posted in: In this week's e-Newsletter, Latest News & Views

It’s the kind of tale that makes anyone involved in online transactions shudder.

A Swedish woman logged on to the Internet last Tuesday and accessed her bank account, to pay some bills.

Lucky for her, she has a strong heart. When she checked her balance, she discovered a slight accounting mistake in her favor — to the tune of $1.1 billion (more than 10 billion kronor).

How did it get there?

She was told the deposit was a correction for a credit card purchase (that’s some kind of credit line, too!).

The next day, the dough was still in her account. A few hours later, it vanished.

A spokesperson for Norda Bank (the biggest in the Nordic region), attributed the billion-dollar blunder as “a technical mistake made by a company.”

Uh-huh. Simply a “technical mistake.”

  • Share/Bookmark

Tags: , ,

Leave a Reply


advertisement


advertisement