Online Banking Credentials That Use SMS For Authentication Of Users Are Being Systematically Hacked

Over the last few years, there has been a steady focus on vulnerabilities in mobile phone networks. As far back as 2014 systemic vulnerabilities on the SS7 protocol for SMS was a well-known problem presented by security researchers, but now there appears to be real attacks on bank accounts using One-Time-PINs (OTPs) over SMS for transaction [...]

Press Release: Outsmarting the mobile phone hackers through innovation

Protectoria announced today a technological break-through for payment transaction security.  The technology enables PSD2 (Payment Services Directive II) security compliance for payments for a single smartphone without any other pre-requisites other than an Internet connection and a security enhanced payment app.  The security solution -The Protectoria Secure Mobile Platform- has been analysed and independently verified [...]