Flaw in SS7 Lets Attackers Empty Bank Accounts

A UK bank fell victim to a malicious SS7 attack that led to cyber-criminals emptying bank accounts at the UK’s Metro Bank, according to Motherboard. Though malicious actors have been able to exploit flaws in telecommunication infrastructure for years, it’s not being reported that attacks are able to intercept codes used for banking using Signaling System 7 (SS7) attacks.

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