This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
10/03/2021
Apple Pay security flaw allows hackers to steal your money when your iPhone is locked
BGR
Researchers in the UK have discovered a flaw in Apple Pay that allows hackers to make unauthorized contactless payments from your iPhone. The researchers from the University of Birmingham and the University of Surrey published a paper on Thursday describing the method by which this flaw can be exploited. Hackers can even bypass the lock screen of an iPhone with this method.
Watch out for this Apple Pay security flaw
The Express Transit feature that Apple first introduced in iOS 12.3 appears to be the culprit behind the vulnerability. With Express Transit, you can quickly pay for rides on public transportation with a card in the Wallet app. As Apple notes on this support page, you don’t have to validate with Face ID, Touch ID, or a passcode. Express Transit is meant to be convenient, but it’s also key to this exploit.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more informationResources
Your electronic library to help in fighting financial fraud for all of our partners.
more information