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Author Topic: News: Report: Bank verification methods leave Apple Pay vulnerable to fraud  (Read 482 times)
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« 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
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