Hackers Steal Alipay Customers’ Money Via Stolen Apple IDs

More from: | PYMNTS |

Alipay, the mobile payment app, said Wednesday (October 10) that hackers stole money from accounts via stolen Apple IDs.

Reuters, citing Ant Financial, the payment affiliate of Alibaba, reported the Chinese company said the issue hasn’t been resolved even though it reached out to Apple already. In a post on its Toutiao social media account, Reuters reported it said users who linked their accounts via Apple IDs should lower their transaction limits. “Alipay has contacted Apple many times … and the issue has not been resolved,” the post said.

According to the report, the breach is impacting Alipay and Tencent’s WeChat users, with some losing as much as $288. It’s not clear how many users were impacted, but Alipay


Read full article » https://www.pymnts.com/news/security-and-risk/2018/hackers-alipay-stolen-apple-ids/

About | PYMNTS |

PYMNTS.com is reinventing the way in which companies share relevant information about the initiatives that shape the future of payments and commerce and make news. This powerful B2B platform is the #1 site for the payments industry by traffic and the premier source of information about “What’s Next” in payments and commerce. C-suite executives, company founders, and investors turn to it daily for these insights, making the PYMNTS.com audience the most valuable in the industry. It provides an interactive platform for companies to demonstrate thought leadership, popularize products and, most importantly, capture the mindshare of global decision-makers. It’s where the best minds and best content meet on the web. Innovations in payments and commerce have become highly intertwined. PYMNTS covers every aspect from retail reinvention to the Internet of Things.

»Twitter: @pymnts »Facebook: @pymnts