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Apple Pay has been touted as perhaps the most-secure method of payment available. But scammers have still found a way around the platform's strong encryption and biometrics, according to a report from The Guardian
Instead of breaking Apple Pay's built-in security, identity thieves are taking advantage of lax rules for card activation from banks. In other words, crooks are loading stolen banking information on new iPhones and then using Apple Pay to purchase high-price items, according to the report
Banks are supposed to verify all cards that are loaded onto Apple Pay. But some provision card use simply by confirming the last four digits of social security numbers, for example Read more...
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