Thieves reportedly using stolen credit cards on Apple Pay

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Apple Pay(CNN) – Thieves are using stolen credit card data to make bogus purchases on Apple Pay, Apple’s mobile payment system.

The stolen card data is believed to have come from recent hacks on major retailers including Home Depot and Target, according to a report by the Wall Street Journal.

Here’s what’s happening: Apple’s system hasn’t been hacked. But cyber thieves are taking stolen credit card data, entering it into smartphones, and making purchases — all without the use of an actual credit card or signature.

About 80% of these unauthorized purchases have actually been bought with smartphones at Apple stores, the Journal reports, citing sources familiar with the matter.

This isn’t good news for Apple Pay, which launched last fall, highlighting just how much damage cyber thieves can create.

Apple Pay’s network includes major merchants such as Whole Foods, McDonald’s, Bloomingdale’s and Walgreens.

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1 Comment

  • prkralex

    The Home Depot, Lucky Supermarket, Macy’s, McDonald’s, Panera Bread, Peets Coffee & Tea, RadioShack, Subway, Walgreens, and Whole Foods. I was also able to use Apple Pay in Canada at Chez Maxim, La Panthere Verte and McDonald’s. Paying with Apple Pay was faster and more convenient than using cash, checks, debit or credit cards. And I’m not alone praising the virtues of this mobile payment system. Early reports show Apple Pay gaining meaningful traction and a high level of customer engagement.