Apple Pay With Visa Can Be Remotely Hacked, But Should You Be Worried?

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Apple Pay With Visa Can Be Remotely Hacked, But Should You Be Worried?

Cybersecurity researchers in the UK claim that Apple Pay with Visa can be remotely hacked to make fraudulent payments using locked iPhones.

Cybersecurity researchers in the UK claim that Apple Pay with Visa can be remotely hacked to make fraudulent payments. With the rise of contactless payment methods over the past few years, mobile payment technologies, such as Apple Pay, Google Pay, and Samsung Pay are gaining popularity around the world. As for Apple Pay, it is one of the most convenient ways to pay for goods and services at retail stores, gas stations, and shopping malls.

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Apple Pay uses the EMV Payment Tokenization Specification technology which enables users to pay by simply bringing the device close to the payment terminal without having to swipe a card, enter a PIN or sign in to an account. It also enables online payment on compatible apps and websites. Apple Pay was one of the first out of the gate with its NFC payment technology in 2014, with Google and Samsung following later with their own respective contactless payment platforms. However, even though Apple Pay is available on both iPhone and Apple Watch, it is reportedly being used by only a small percentage of iPhone owners.

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