Researchers steal bitcoin by exploiting SS7 vulnerabilities

  • 18 September 2017
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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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These hackers target one of the most popular email clients, they are hungry for money..................

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