![]() ![]() A member of the gang, 23-year-old Max Wesley, was arrested in February 2018 and sentenced to four years last December. ![]() Their next move was to link the credit cards with Apple Pay apps, which would be used to buy prepaid cards from stores like Walgreens. One of the fraudsters would then call Capital One, pretend to be a legitimate customer and convince the bank to hand over control of the account. In Miami, the gang had acquired access to unspecified personal information belonging to Capital One customers. ![]() The cases unearthed by Forbes laid out in detail just how criminals can abuse Apple Pay. “The credit card issuer has access to the details of all card transactions initiated by the consumer and is thus able to observe patterns of suspect and fraudulent behavior.”Īpple, JPMorgan Chase and Capital One had not responded to requests for comment at the time of publication. “Apple Pay security is only as strong as its weakest link, i.e., the consumer credit card issuer which owns the relationship with the credit card holder and is-in most cases-ultimately responsible for detecting credit card fraud,” said Gartner analyst Avivah Litan, who’s long warned of the possible fraud threat around the Cupertino company’s software. ![]()
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