#Hackers #Exploit #1980’s #Telco #Loophole #Steal #Bank #Account

#Hackers #Exploit #1980’s #Telco #Loophole #Steal #Bank #Account

https://www.wired.com/2017/05/security-news-week-hackers-beat-two-factor-authentication-rob-bank-accounts/?mbid=social_twitter In 2014, researchers demonstrated that SS7, which was created in the 1980s by telcos to allow cellular and some landline networks to interconnect and exchange data, is fundamentally flawed. Someone with internal access to a telco – such as a hacker or a corrupt employee – can get access to any other carrier’s backend…