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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.

The issue was again brought to light when European carrier O2-Telefonica reported that some of its customers had been hit with attacks taking advantage of the SS7 vulnerability resulting in money being removed from their 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.

On Thursday, as Republicans cobbled together the votes to resurrect and pass the bill, Pelosi (D-Calif.) insisted that the sun was still coming out for Democrats — and her party sang an out-of-order goodbye jeer to the opposition.

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. A new bipartisan group has been announced and is co-chaired by Suzan DelBene (D-Wash.), Yvette Clarke (D-N.Y.), Bill Flores (R-Texas), Darrell Issa (R-Calif.) and Ted Lieu (D-Calif.).

It has finally happened.