Criminals Use Apple Pay For Fraudulent Purchases

Criminals Use Apple Pay For Fraudulent Purchases

Mobile payments are only as secure as the wallet service is, and Apple Pay is not doing the best of jobs to protect consumer data. While many people see Apple Pay as a form of Fintech innovation, making mobile payments through Apple’s financial solution with stolen credit card information appears to be much easier than originally anticipated. Some people would go as far as saying how this mobile wallet is quite inferior to other financial technologies, including Bitcoin. Apple Pay Fraud Rates. Assailants have not managed to break the Apple Pay wireless payment mechanism security, yet the....


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How Criminals Steal Information Through Apple Pay, Google Wallet, Contactless Cards

Near Field Communications (NFC) is a modern technology that allows communication between two electronic devices without an internet connection. There are many reasons why NFC is beneficial to consumers but as with many modern technologies; it doesn’t come without its risks. Platforms such as Apple Pay and Google Wallet both use NFC and the added convenience is by far the most popular advantage, as NFC makes it quick and easy for people to make purchases from their contactless cards or their mobile phone. The benefits. Let’s take a look at how NFC technology is used and how it is....