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Apple Pay Fraud Gives Us A New Reason To Hate Data Breaches And SSNs

Payment security experts say Apple’s secure mobile payment technology is superior to any of the other payment tech on the market. The perpetrators are linking their iOS devices to victims’ payment card accounts, and using Apple Pay to make in-person purchases. While the quickness of the attackers and extent of the fraud surprised experts, they maintain that the technology is strong. The fact that attackers may have already made millions of dollars in fraudulent Apple Pay purchases is another example of how even the best security technology is rendered useless by poor implementation.”]

Source: https://www.darkreading.com/attacks-breaches/apple-pay-fraud-gives-us-a-new-reason-to-hate-data-breaches-and-ssns

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