Exploit: Signaling System 7 (SS7) attack.
MetroBank: Banking and financial services firm.
Risk to Small Business: 2 = Severe: The financial institution announced that it recently faced a SS7 attack, a telecommunications-related exploit that intercepts SMS text messages that serve as authentication codes. Currently, it is believed that a small number of customers were impacted, and their accounts were depleted.
Individual Risk: 2.285 = Severe: Hackers may not have access to personal information, but they are emptying payment accounts at alarming rates. Thankfully, users are protected through insurance and should receive their funds back but maybe reconsidering their banking services based on the attack.
Customers Impacted: To be determined
How it Could Affect Your Customers’ Business: Legacy systems are growing vulnerabilities for any business, but now they are being exploited more frequently and impactfully. In the future, companies that operate on archaic technologies will be blamed for cyberattacks, as they are inviting hackers to steal personal and payment information from users. In order to make sure technologies used are updated and state-of-the-art, businesses must consult with MSPs.
ClearYolk to the Rescue: We help you proactively monitor if customer data is being leaked on the Dark Web, helping reduce the losses incurred from such a breach.
https://www.infosecurity-magazine.com/news/flaw-in-ss7-lets-attackers-empty/
