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Title: News: Report: Bank verification methods leave Apple Pay vulnerable to fraud Post by: HCK on January 27, 2015, 09:00:28 pm News: Report: Bank verification methods leave Apple Pay vulnerable to fraud
Verification methods used by many banks and credit card providers are leaving Apple Pay open to potential fraud, according to a new report by Drop Labs. While Apple Pay remains secure at a technical level – there have been no incidents of stolen iPhones being used for unauthorized purchases, or Touch ID or NFC being compromised — criminals are resorting to much lower tech methods of identify theft and social engineering to steal credit card information… Source: News: Report: Bank verification methods leave Apple Pay vulnerable to fraud (http://www.ilounge.com/index.php/news/comments/report-bank-verification-methods-leave-apple-pay-vulnerable-to-fraud) |