Ap­ple Pay Vul­ner­a­ble to Credit Card Fraud

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While Ap­ple's mo­bile pay­ment sys­tem doesn't store your credit card data, it is vul­ner­a­ble to cy­ber­crim­i­nals us­ing stolen credit card in­for­ma­tion, ac­cord­ing to a re­cent re­port by the Wall Street Jour­nal. There­fore, large data breaches like the re­cent Tar­get and Home De­pot hacks are in­creas­ingly alarm­ing, as com­pro­mised data can be used with Ap­ple Pay. Ac­cord­ing to the Jour­nal, par­tic­i­pat­ing banks are in the process of tight­en­ing their pro­ce­dures for ver­i­fy­ing the iden­tity of card own­ers in or­der to root out fraud.

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