Apple Pay Under Fire After Account Takeovers Soar
"US criminal gangs are taking advantage of security gaps in the provisioning of new cards to commit high levels of fraud on the new Apple Pay mobile payment platform, experts have warned.
The fraudsters are buying up stolen card-not-present (CNP) data widely available on underground internet forums and loading them onto iPhones with Apple Pay enabled, Gartner distinguished analyst Avivah Litan claimed in a blog post."