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16 Mar 2020 07:59:54 UTC
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How Hackers Steal Money From Bank Accounts in 2017
Hackers can take advantage of a weakness in SS7 (Signalling System 7), the core signalling protocol in fixed & mobile telecommunications networks, that could enable them to steal data, eavesdrop, intercept text messages, track people’s locations and swindle money from bank accounts.
The security of the design of SS7 (Signalling System 7) is based entirely on trust.
AnonHQ.com reports:
The SS7 refers to the Common Channel Interoffice Signalling 7 (CCIS7) or the Signalling System 7 (SS7). The SS7 is the protocol in the mobile phones that checks and monitors how the text messages and calls are governed and exchanged by mobile phones.
These days, most of the banks offer a two-factor authentication, where the customers receive a one time temporary password (OTP). It is to be used after entering the regular ID and password for undertaking bank transactions.
...
https://www.youtube.com/watch?v=BaOLbw2f8iE
The security of the design of SS7 (Signalling System 7) is based entirely on trust.
AnonHQ.com reports:
The SS7 refers to the Common Channel Interoffice Signalling 7 (CCIS7) or the Signalling System 7 (SS7). The SS7 is the protocol in the mobile phones that checks and monitors how the text messages and calls are governed and exchanged by mobile phones.
These days, most of the banks offer a two-factor authentication, where the customers receive a one time temporary password (OTP). It is to be used after entering the regular ID and password for undertaking bank transactions.
...
https://www.youtube.com/watch?v=BaOLbw2f8iE
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