with the introduction of the new fee simple Apple system vulnerabilities have been discovered in the system that led to targeting Apple Pay fraudster. The new quick and easy mobile way to pay for items is usually ensured by requiring fingerprint recognition on iPhones. But the question now is that these hackers have found a way to simply use a different iPhone and fixing the payment on them instead.
By stealing the identity of the customer credit card details, scammers use this information to configure Apple Pay on another iPhone, bypassing the need for the fingerprint of the user 'origin. Banks were initially taken aback by the number of fraudulent transactions that they had to act quickly to counter these attacks. By introducing additional levels of approval before the transaction could be complete, hopefully stem the number of purchases made by these pirates.
strict verification of Apple fingerprints should have been enough to protect the new technology as he tried to replace with a portfolio to carry. Hackers could not break the verification of actual fingerprints so instead they found a way around security while focusing on replication of customer data instead. These criminals then use other iPhones to buy high value goods in Apple stores as they obviously accept Apple's wages and sell expensive items to then be sold for money.
Apple Pay is set to eclipse Google Wallet in terms of popularity with 800,000 US customers already recording over 1.1 million credit and debit cards at the end of 2014, just two months after launch. The United States is already behind the rest of the world regarding security in card payments. The system of chip and pin, popular and used for years in Europe will be required in the US by the end of 2015. cards with magnetic strips are still common, highly susceptible to fraud.
With enhanced security and strict measures to come up banks in the fight against fraud, Apple Pay will no doubt smooth out wrinkles and make it much easier and faster to pay for goods using just your mobile phone.
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