Banks and other companies switching their phone systems to voice over IP (VoIP) are making themselves vulnerable to phishing attacks for which there are currently no effective detection or prevention tools, a security researcher warned Wednesday.“People will be able to penetrate bank networks and hijack their phone lines,” said an independent security researcher, known by his pseudonym The Grugq, in an interview. VoIP is becoming increasingly common as companies and operators look to the technology to help cut costs, which makes them more vulnerable to attack, he said.The Grugq, who spoke this week at the Hack in the Box Security Conference in Kuala Lumpur, Malaysia, said VoIP phishing attacks will emerge by the end of this year. The attacks will allow hackers to steal personal data, including credit card numbers and bank account information, and there is little security managers can do to stop them.“Theoretically, you phone up your bank and the customer service line has been taken over by hackers,” The Grugq said. In this scenario, the customer would be asked by the hacker to enter personal banking information before being passed on to an actual bank customer-service representative. “There’s no security technology out there that companies can deploy to fix this,” The Grugq said, noting that existing intrusion-detection systems are not capable of detecting when a VoIP attack takes place.During his presentation at the conference, The Grugq announced the release of alpha code for SIPhallis, a tool he wrote that allows security managers to manage Session Initiation Protocol VoIP packets on their networks. “It gives you an interface to create and send VoIP packets; it also allows monitoring of VoIP packets,” he said, adding that the application can also be used to inject packets into a VoIP stream. Existing soft phone or PBX software is all that is required for hackers to launch a VoIP attack, The Grugq said.The Hack in the Box conference runs through Thursday, Sept. 21.-Sumner Lemon, IDG News Service (Singapore Bureau)Related Links:When Voice Becomes DataBruce Schneier: We Are Losing IT Security WarKeep checking in at our CSO Security Feed page for updated news coverage. Related content news UK government plans 2,500 new tech recruits by 2025 with focus on cybersecurity New apprenticeships and talent programmes will support recruitment for in-demand roles such as cybersecurity technologists and software developers By Michael Hill Sep 29, 2023 4 mins Education Industry Education Industry Education Industry news UK data regulator orders end to spreadsheet FOI requests after serious data breaches The Information Commissioner’s Office says alternative approaches should be used to publish freedom of information data to mitigate risks to personal information By Michael Hill Sep 29, 2023 3 mins Government Cybercrime Data and Information Security feature Cybersecurity startups to watch for in 2023 These startups are jumping in where most established security vendors have yet to go. By CSO Staff Sep 29, 2023 19 mins CSO and CISO Security news analysis Companies are already feeling the pressure from upcoming US SEC cyber rules New Securities and Exchange Commission cyber incident reporting rules don't kick in until December, but experts say they highlight the need for greater collaboration between CISOs and the C-suite By Cynthia Brumfield Sep 28, 2023 6 mins Regulation Data Breach Financial Services Industry Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe