Apple Pay is secure, but weak ID checks by partner banks create vulnerability, claims report

apple-pay

While Apple Pay is the gold standard for safe card transactions, some partner banks are leaving customers vulnerable to fraud via identity theft thanks to weak checks when cards are added to Apple Pay, according to mobile commerce consultants Drop Labs. Some partner banks are consequently seeing fraud rates six times higher than with physical cards.

For consumers, Apple Pay is extremely safe, thanks to the use of Touch ID fingerprint verification and single-use code transmission rather than sharing full card details. Drop Labs claims that the weak link in the chain is what happens when cards are added to Apple Pay …  Read more

Second AT&T iPad hacker indicted

Reuters is reporting that the second hacker has been indicted in the case of personal data being copied from AT&T iPad infrastructure. Earlier this year, the two hackers breached AT&T’s servers and received 120,000 iPad users’ personal data.  They then reported that data to a media outlet who embarrassed AT&T.  Two weeks ago, the first hacker, Daniel Spitler, plead guilty last week and could wind up testifying against his accomplice to reduce his sentence.

The hacker indicted today, Andrew Auernheimer, is being charged with one count of conspiracy to gain unauthorized access to computers and one count of identity theft.

Andrew Auernheimer was charged by a Newark, New Jersey grand jury with one count of conspiracy to gain unauthorized access to computers and one count of identity theft, the office of U.S. Attorney Paul Fishman in New Jersey said.

Auernheimer is free on bail, while his partner Spitler is waiting sentencing September 28th. Spitler could face 12 to 18 months in prison.  Read more