Source: Information Security Buzz
A known flaw in the messaging system in Signalling System No. 7 (SS7) protocol developed in the 1970s which allows networks around the world to interoperate, has provided the hole for hackers to bypass 2-factor authentication and transfer money from customers’ bank accounts. After stealing banking credentials, Cyber criminals were able to leverage the vulnerability to intercept banking passcodes via phone numbers and SMS messages. Bob Noel, Director of Strategic Relationships and Marketing at Plixer International commented below.
Bob Noel, Director of Strategic Relationships and Marketing at Plixer International:
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