Bank loses $1.1m to online fraud

Nordea branch sign

Nordea says it has refunded the affected account holders

Internet fraudsters have stolen around 8m kronor ($1.1m; £576,000) from account holders at Swedish bank Nordea. The theft, described by Swedish media as the world’s biggest online fraud, took place over three months.

The criminals siphoned money from customer’s accounts after obtaining login details using a malicious program that claimed to be anti-spam software.

Nordea said it had now refunded the lost money to all 250 customers affected by the scam.

“What is important is that none of our customers will have lost their money,” said a bank spokesman.

“We are doing all we can to stop this.”

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