Fraud using Apple Pay...?

Discussion in 'Apple, Inc and Tech Industry' started by AppleScruff1, Mar 6, 2015.

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  1. AppleScruff1, Mar 6, 2015
    Last edited: Mar 6, 2015

    AppleScruff1 macrumors G3

    AppleScruff1

    Joined:
    Feb 10, 2011
    #1
    Has anyone read about this? Here are a few links. It seems like some scammers have found a new way to scam. Where there's a will, there's a way. I'm surprised no one has mentioned it yet.


    (Reuters) - Apple Inc's (AAPL.O) mobile payment system Apple Pay has been hit by a wave of fraudulent transactions using stolen credit-card data from a spate of breaches at retailers, the Wall Street Journal reported, citing people familiar with the matter.

    The transactions stemmed from breaches at retail giants including Home Depot Inc (HD.N) and Target Corp (TGT.N), the Journal reported on Thursday.

    The majority of unauthorized purchases have been for big-ticket items bought with smartphones at Apple's own stores, the Journal said.

    Apple could not be reached immediately for comment.

    http://www.reuters.com/article/2015/03/06/us-apple-pay-idUSKBN0M203V20150306

    http://www.wsj.com/articles/apple-pay-stung-bylow-techfraudsters-1425603036

    http://www.retaildive.com/news/apple-pay-security-questioned-by-multiple-reports/372039/

    http://www.theguardian.com/technology/2015/mar/02/apple-pay-mobile-payment-system-scammers

    http://www.theverge.com/2015/3/4/8149663/apple-pay-credit-card-fraud-banks

    http://www.cnbc.com/id/102477081
     
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