Apple Pay has come under scrutiny because of apparent credit card fraud, but multiple sources say a fix is in the works in the aftermath of a flood of news stories on an apparent security
flaw. The problem is simple. With stashes of millions of stolen credit cards details harvested in the recent breaches atTarget, Home Depot and the others, thieves have realized
that an iPhone can, in effect, be transformed into a credit card substitute by loading it with a stolen number. Before, those criminals could only shop at online retailers. Now, with an iPhone, they
can walk out of retail stores with merchandise they can sell.
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