Telecom security is way more than SIP-breaking some peripheral PBXs and raking a few thousands of dollars of free calls. From the formerly closed garden of SS7 to new all-IP telecom protocols such as Diameter and LTE protocols, the telecom domain faces now both the challenges of availability -one minute of downtime costs literally millions- and signaling vulnerabilities cutting down entire countries, causing massive frauds and the all new networking protocols. These new telecom protocols are rolled out in IP-centric fashion, with its myriad of standard IP security pitfalls and vulnerabilities, as well as very specific telecom vulnerabilities. The HLR is not only using TCP/IP for OAM and business workflow, but also now being named an HSS, it uses IP-only protocols such as Diameter for its Core Network signaling operations. That means that now telecom are facing new security risks both in term of exposure and threats, with its Core Network being exposed to unsophisticated IP-centered attackers, and the continuous waves of telecom-centered defrauders. In this presentation, we'll demo the new technologies of 3G and LTE networks and how to attack and defend them. We'll also show what kind of exposure one telecom companies, Mobile Network Operators and SS7 providers shows to external attackers.