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CYBER

How Criminals Use Apple Pay to Abuse Credit Cards

CYBER

VICE

Tech News, News & Politics, Technology, News

4645 Ratings

🗓️ 21 April 2022

⏱️ 37 minutes

🧾️ Download transcript

Summary

Are you using two-factor authentication for all your accounts? Do you have Apple Pay or another service hooked up to a bank card? Well, so do criminals. 


It’s the growth of a scheme Cyber first reported on about six months ago. Thanks to bots that help criminals trick you into giving up your 2FA codes, they're now able to set up links between Apple Pay bank cards. It’s shockingly easy to do and, bizarrely, shockingly hard to stop.


On this episode of Cyber, Motherboard Staff Writer Joseph Cox walks us through how criminals are circumventing 2FA and using Apple Pay to go on spending sprees.


Stories discussed in this episode:


Criminals Abuse Apple Pay in Spending Sprees


The Booming Underground Market for Bots That Steal Your 2FA Codes


We’re recording CYBER live on Twitch. Watch live during the week. Follow us there to get alerts when we go live. We take questions from the audience and yours might just end up on the show.


Subscribe to CYBER on Apple Podcasts or wherever you listen to your podcasts.


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

It's got the code it's going to launch.

0:10.2

It's a unit system.

0:12.6

I know this.

0:14.6

It's all the files of the whole park.

0:16.8

It tells her everything.

0:18.5

Sir, he's uploading the virus.

0:21.3

Eagle One. The package is being delivered.

0:24.9

I'm Matthew Galt, and this is cyber.

0:26.9

Hello out there on the internet.

0:28.1

You know, I never get tired of that introduction as many times as I hear it.

0:32.3

Are you using two-factor authentication for all your accounts?

0:35.3

Do you have Apple Pay or another service hooked up to a bank card?

0:39.2

Well, so do criminals. It's the growth of a scheme cyber first reported on about six months ago.

0:45.4

Thanks to bots that help criminals trick you into giving up your 2FA codes, they're now able to set up links between Apple Pay bank cards.

0:54.3

Apple, they're able to set up links between Apple Pay and bank cards.

0:58.2

It's shockingly easy to do, and bizarrely, shockingly hard to stop.

1:03.3

So this week on Cyber, we've got returning champion motherboard staff writer Joseph Cox.

1:07.5

He's the author of The Latest On Miss, Cr Criminal's Abuse Apple Pay in Spending Sprees.

1:12.6

J.C., thank you so much for joining us once again.

1:15.4

Thank you for having me.

1:17.1

All right, so this is kind of a follow-up to a story, maybe not quite six months ago,

1:22.1

but we talked about previously on Cyber back in November.

...

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