Hackers Steal Swedish Security Company CEO's Identity, Declare Him "Bankrupt"

The 59-year old CEO of Swedish Security Firm Securitas was declared bankrupt this week after hackers stole his identity, took out a loan in his name, then filed for bankruptcy.  As Bloomberg noted, “the sub-optimal branding implications were hard to miss.”

Securitas AB hopes to have put the whole awkward incident behind it by the end of the day. According to Bloomberg, the appointed bankruptcy trustee has been informed and will support the appeal of the bankruptcy decision, which is expected to be removed, Securitas said. Securitas CEO Alf Goransson is appealing the July 10 bankruptcy decision by the Stockholm District Court, which acted on false information, the company said on Wednesday. The appointed bankruptcy trustee has been informed and will support the appeal of the bankruptcy decision, which is expected to be removed, Securitas said.

“The perpetrator used the CEO’s identity to seek a loan of an undisclosed amount, after which a bankruptcy application was filed in his name. The identity theft took place in March. Goransson didn’t know he’d been hacked until this week, the company said.”

 

The hack attack “has no effect on the company, other than that our CEO has been declared bankrupt,” spokeswoman Gisela Lindstrand said. “And that will hopefully only last until later today, depending on how soon they can remove the decision.”

However, the theft, as Bloomberg notes, raises questions about security in a society that is leading the way in digitization. Sweden is well ahead of most of the rest of the world in replacing cash with digital payments - even homeless groups there accept credit cards.

Even a museum dedicated to the pop group Abba – the group that popularized the song “Money, Money, Money” – doesn’t accept cash.

At the country’s Abba museum, tourists aren’t allowed to pay for anything with cash.

Has Sweden’s commitment to transparency created an environment where identity theft is commonplace? The statistics would say yes.

“The country’s efforts to embrace transparency in all fields are also well documented. Sweden encourages widespread access to public information (employees can find out what their colleagues earn by checking with the tax authorities) and, like most other rich countries, online shopping and loan applications are on the rise. All of this has coincided with a sharp increase in identity fraud. Sweden responded last year by introducing specific legislation to target the development. Goransson’s case was one of 12,800 crimes involving hacked identities reported in Sweden in the first six months of 2017.”

Goransson has been de-registered as chairman of Loomis, a cash-handling company that used to be part of Securitas, in accordance with formal procedures of the Swedish Companies Registration Office. Goransson is also expected to appeal this decision after he gets the bankruptcy ruling thrown out, according to Bloomberg.

Comments

land_of_the_few HenryKissinger… (not verified) Thu, 07/13/2017 - 16:30 Permalink

Disappointingly for the news people, he has already fixed some of the problems caused by this"The (court) decision was reversed Wednesday."https://www.usnews.com/news/best-countries/articles/2017-07-12/top-swed… he will have to start using really fiendish passwords and so on, if it was related to that kind of issue :D

In reply to by HenryKissinger… (not verified)

ILIKEMITTENS Thu, 07/13/2017 - 04:08 Permalink

......and all while he was bangin a goat while being humped in the bum as five? "refugees" cheered him on (which is NOT illegal under sharia law, mind you). Oohhhh! The travesty! Talk about security. Perform above said acts and something glorious awaits. Inshallah.

bjax Thu, 07/13/2017 - 05:18 Permalink

We are 20 + years into computers now, anyone who gets hacked, are just hiding behind the " i don't know how it works" meme!  Maybe they need to go back the TV instead. Protecting your info is not rocket science, and everything you need is at your finger tips. 

Vageling bjax Thu, 07/13/2017 - 08:19 Permalink

Agree! I don't put any sensitive details on ANY electronic device. Don't use autosave password either. I have it on paper. You have to steal it. Well, then you have to pry it from my death cold hands. People are naive. Displaying their whole live on youtube, facebook. Idiots. 

In reply to by bjax

Nesbiteme Thu, 07/13/2017 - 07:23 Permalink

 Was Alf Goransson talking on a Nokia 3310, driving a rusty beige Saab 9-3 sport combi and listening to Abba at the time of the identity theft?

FreeNewEnergy Thu, 07/13/2017 - 07:26 Permalink

In a related note, change your Verizon PIN NOW. I got strange messages Saturday and today, the company announced customer info was out in the public.Douchebags, everywhere.

Vageling Thu, 07/13/2017 - 08:14 Permalink

Well... HAHA! Fucking company. G4 Securitas. Hacked or carelessness? Podesta screamed hacking too while the fool got phished, or so the story goes. There is a difference. Seems the chief can't secure his own identity. The irony! Though their employees ain't all bad (I know people who work for that company) their management are a buncha tools.