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Scammers use Apple Pay to steal millions

Scammers use Apple Pay to steal millions

The latest Apple Pay scam doesn't involve any high-tech card-stealing gadgets. In fact, the scam doesn't directly involve Apple Pay.

All that scammers have to do to make massive purchases with stolen credit cards and Apple Pay is to check in with your bank first. It turns out that getting a bank to approve a credit card for Apple Pay is much easier than most people would think.

Betanews's Mark Wilson explains:

Some banks ask for nothing more than the last few digits of a Social Security number as a means of confirming identity. As Social Security numbers are often targeted by criminals, this is information that criminals are likely to have, making it all too simple to fraudulently add a credit card to an Apple Pay account and use it to purchase high-value goods... even from Apple stores.

Next page: Bank checks can't beat hackers. Find out why on the next page.
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