Friday, May 5, 2017

Hackers Exploit SS7 Flaws to Loot Bank Accounts

From SecurityWeek:

Hackers Exploit SS7 Flaws to Loot Bank Accounts

"Cybercriminals have exploited vulnerabilities in the SS7 protocol to bypass security mechanisms and steal money from bank accounts. Researchers have warned about the threat for years and these types of attacks have recently become a reality.

SS7, which stands for Signalling System No. 7, is a telephony signaling protocol used by telecommunications providers worldwide. It allows the customers of different networks to communicate with one another and ensures that calls are not interrupted when users are traveling over longer distances."

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