Cyber Security, Daily News, Fraud & Security, Identity, Mobile Payments, Risk & Compliance, SS7, SS7 security, SS7 security flaws -

Hackers exploit SS7 security flaws to access German bank accounts

Despite security experts warnings for years about security flaws around the SS7 (Signalling System 7), a protocol used by mobile networks to communicate with each other- hackers have finally accessed a back door and stolen money from German bank accounts. O2-Telefonica in Germany has confirmed to Süddeutsche Zeitung that some of its customers have had their bank accounts drained [...]

The post Hackers exploit SS7 security flaws to access German bank accounts appeared first on Payments Cards & Mobile.