Credit Card Fraud

[gw0gvq]

I have just been reading where some poor guy was using his Apple Card and it still got hit for credit Card Fraud because apparently there is still a magnetic strip that's open to the fraudster. Is the Apple Watch and iPhone able to stop this with your cards being hidden behind monitors on both?

 

[swandy]

The number used for transactions on the iPhone and I assume the Watch is stored on the device itself. It is not the number imprinted on the card or its strip. So unless the "fraudster" actually got his hand on your device, I don't see how he could get the information. Also it is stored on "supposedly" a very secure part of the chip on the Apple devices.

 

[Apple_Robert]

As long as you keep your account secure with 2FA, and have a secure passcode on your devices that only you or wife (if that applies) know, you should be fine. Even if someone tried to scan for your card he or she walked by, they wouldn’t be able to pick anything up off your phone wallet or Apple Watch.

The previous post was spot on.

 

[TiggrToo]

I have just been reading where some poor guy was using his Apple Card and it still got hit for credit Card Fraud because apparently there is still a magnetic strip that's open to the fraudster. Is the Apple Watch and iPhone able to stop this with your cards being hidden behind monitors on both?

There are 3 distinct credit card numbers for each Apple Card account:

1: Apple Wallet based - this is the one used by NFC payments and Pay by Apple on iPhone, iPad and MacOS devices. The card number and CVV2 code are hidden from view and cannot be accessed by the user.

2: The virtual Apple Card - accessed via the wallet this allows the user to use the card online and gives access to the second card number and CVV2 code.

3: The physical Apple Card - this has a magnetic stripe that contains a third account number encoded on it. However neither the CVV2 or the Account Number are printed on the card.

 

[44267547]

I have just been reading where some poor guy was using his Apple Card and it still got hit for credit Card Fraud because apparently there is still a magnetic strip that's open to the fraudster. Is the Apple Watch and iPhone able to stop this with your cards being hidden behind monitors on both?

It’s called ‘RFID skimming’. Research it, there’s a lot of information on this topic. Also, even with your Typical credit card that you carry in your wallet, there are ‘protection sleeves’ you can use over the card that will help prevent that from happening.

 

[antbob]

afaik the only real way to wirelessly skim modern cards or nfc enabled devices acting as cards is to get a legit point of sale processing terminal issued and connected to a real bank which kinda defeats the purpose of such activity and even then one should not be able to get all card details anyway eg to clone a card to withdraw or make online purchases. the magnetic strip can be easily skimmed of course but it requires contact eg a waiter at the restaurant taking your card and walking away with it or giving you a rigged terminal. thus protection sleeves and various shielding are kinda pointless tho they are really helpful if you wanna avoid interference among many cards eg your transport pass is naked and everything else is shielded.

 

[waw74]

This applies to any Apple Pay credit card, not just apple's card.
as others have said, your phone, watch and physical card each have a unique "card" number.

your phone or watch also generate unique codes for every transaction, So even if someone was able to snoop and pick up a transaction as it happened, the information they get can't be used again.

You have to manually activate payment, and authenticate before your device sends any data
the watch authenticates when you put it on, and stays that way until it's removed, you have to manually start the payment process with a double tap on the button. (it's why you can't use Apple Pay unless you have a passcode)
on the phone, you have to start a transaction by double tapping the button (or wave over an active payment terminal), and then use either Face or Touch ID to authenticate.

the magnetic stripe or the physical number printed on the card are much more likely to be the way scammers get ahold of your information.

Apple Pay security and privacy overview - Apple Support

See how your Apple Pay personal and payment information and transaction data is protected.

support.apple.com