Rheinische Post Online, January 31, 2001 (translated from German)
Company from Halle claims: "Online banking
is secure"
Challenge: Stealing a TAN for DM 10,000
Düsseldorf (ZDNet). The Halle-based start-up Nutzwerk has started a competition. Who manages to intercept online a TAN of the company and uses it to withdraw money from the company account gets DM 10,000 (about 5,000 euros). "We were very annoyed about a TV report that claimed that any person with average computer knowledge could intercept a TAN number during transmission", says CEO René Holzer. With the competition Nutzwerk wants to prove that online banking is secure. However, Holzer knows that the competition is as good as won by him. "It is in the nature of a TAN to be only usable once." But the claims made in the TV report upset him and his colleagues so much that they decided to announce an official competition.
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