Apple Pay Is Reportedly Being Used to Commit Fraud
Apple Pay doesn’t require a physical credit card. So fraudsters are apparently taking advantage of this and using credit card info stolen from retail breaches.
Criminals are using Apple Pay to commit fraud by using credit card information stolen in breaches at Target and Home Depot, according to a report in The Wall St. Journal. Apple did not respond to a request for comment from eWEEK about the alleged fraud.
The basic premise behind the alleged fraud is that the Apple Pay system does not require the physical card to be present, which is what helps enable the criminal activity.