SS7 Vulnerability Allows Hackers to Drain Bank Accounts – What Next?

Earlier this month, the German-based newspaper Süddeutsche Zeitung reported that criminal hackers in Germany completed a two-step attack on German bank accounts in January, successfully routing money from bank customers into their own accounts. But this wasn’t just another data breach – this was a Signaling System 7 (SS7) security breach, which many believed was low risk.