In the News
Hackers have exploited long-known vulnerabilities in the SS7 networking protocol to drain customer bank accounts, despite years of warnings about the security holes.
Signaling System No.7 (SS7), as the protocol is known, is used by more than 800 telcos around the world, allowing customers in one country to send text messages to users in different countries.
There's a major vulnerability in the way phone networks talk to each other - and hackers have used it to drain victims' bank accounts.
What's more: The issue has been known about for years, and public demonstrations have highlighted the issue, but nothing had been done about it.
It was designed as a security measure to increase protection of internet users across the globe.
But hackers have used a well-known security vulnerability in worldwide mobile telecoms networks to steal access codes to online bank accounts.
Hackers have exploited the Signaling System #7 international telecommunications signaling protocol as part of a two-stage attack designed to drain money from people's online bank accounts.
A U.S. congressman is again calling for the FCC and telecom industry to fix a security flaw in the Signalling System No. 7 (SS7) that is allowing hackers to bypass two-factor authentication and wipe out bank accounts.
In March, when Republicans pulled a vote on their American Health Care Act, House Minority Leader Nancy Pelosi took off her shoes and literally jumped for joy.
Tax Refunds Have Hackers Working Hard For Your Money
Hackers have taken advantage of a known security vulnerability in mobile networks that allowed them to intercept two-factor authentication messages to hijack user login information and drain bank accounts.
We've known for years that a key protocol that allows global cellular networks to communicate with each other had vulnerabilities -- and nobody really took it that seriously.
While we don't tend to think of government as very tech-savvy, a new caucus formed in the US House of Representatives shows just how important the field itself has become.