September 18, 2017 By Patrick Howell O’Neill
Hackers have exploited a security weakness in global telecom networks to break into a GMail account, take control of a bitcoin wallet and steal over $4,000 in the cryptocurrency.
Researchers from the cybersecurity firm Positive Technologies demonstrated the technique exploiting flaws in Signalling System No. 7 (SS7), a nearly 50-year-old set of protocols used to perform most of the world’s telephone calls and text messages, among other functions. SS7 has long been a target for sophisticated hackers intent on eavesdropping and attacking targets around the world.
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