Top Five Vulnerabilities that Enable Phone Fraud

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No metadata – Every phone call traverses multiple networks, no two of which are 
exactly alike. In fact, if you use your cell to call your own landline while standing next to 
it, you’re using at least two networks. Since phone networks are also very bad at sharing information with each other about the call, the only data to get through every network
 the call traverses is the actual call audio. There is no data shared that provides caller verification or origination. And even call audio suffers degradation – we’ve all experienced poor quality calls. The recipient of a phone call cannot count on any information about the caller coming through intact.

Phone fraud is a multimillion-dollar industry led by professional, organized hackers that impacts consumers in their homes and on their phones. It also impacts businesses, both through individual employees and call centers. Financial institutions are at the center of this world – they are both targeted by attackers and impersonated by attackers to steal from consumers.

The phone system presents a perfect storm of characteristics, both new and old, that invite this malicious abuse. Pindrop Security CEO Vijay Balasubramaniyan has identified five vulnerabilities that enable phone fraud.

 

Related Topics : Verizon Wireless, Nortel, Cox Communications, Transport Layer Security, IPTV

 
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