Data Backbone Vulnerabilities Used To Hack Bank Accounts

Vulnerabilities in the SS7 signaling protocol, which serves as the backbone of our mobile communications networks, can be used to retrieve sensitive information without the user’s knowledge, which may even result to bank account hacking. For the unfamiliar, the SS7 signaling protocol allows mobile networks around the world to send text messages to subscribers of other carriers. Using just the person’s phone number, hackers can take advantage of the weaknesses of the SS7 signaling protocol to record phone calls, read text messages and identify the user’s location. These records, along with other sensitive information, can then be used for numerous purposes, from spying on…
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