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Rep. Lieu Statement on Hackers Draining Bank Accounts via SS7 Flaw

Statement

By: Ted Lieu
By: Ted Lieu
Date: May 3, 2017
Location: Washington, DC
Issues: Technology and Communication Finance and Banking Criminal Justice

Today, Congressman Ted W. Lieu (D | Los Angeles County) issued the following statement regarding the news that hackers have used the SS7 vulnerability in the global mobile network to drain bank customer accounts.

"Everyone's accounts protected by text-based two-factor authentication, such as bank accounts, are potentially at risk until the FCC and telecom industry fix the devastating SS7 security flaw. Both the FCC and telecom industry have been aware that hackers can acquire our text messages and phone conversations just knowing our cell phone number. It is unacceptable the FCC and telecom industry have not acted sooner to protect our privacy and financial security. I urge the Republican-controlled Congress to hold immediate hearings on this issue."


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