A 30-year old Miami resident has been charged by the Department of Justice for Apple Pay fraud and conspiracy. Daniel Butler and 3 co-conspirators have been sentenced to aggravated identity theft and wire fraud.
Investigation has found that the group has obtained more than 400 credit cards fraudulently and added them to their iPhones’ Apple Pay. They then proceeded to use the credit cards without needing the titanium card and racked up a total charge of $1.5 million.
Butler’s companions are on trial, with two of them awaiting sentences in December this year. The conspiracy details are unclear, but it was mentioned that the fraudsters acquired the information they needed by calling the banks.
Apple Card itself is said to be secure, but the weak link could be the verification process set by financial institutions and banks. Butler and companions started in 2015 where weak ID checks were the norm.
