Can my Apple Pay get hacked?

Is Apple Pay secure from hackers?

Ugh, Apple Pay and hackers… Is anything REALLY safe? Okay, so Apple Pay… it’s supposed to be safer. Safer than just swiping your card.

• Device Account Number thingy.
• Encryption – gotta love that.
• Face ID! touch my face, you ain’t getting my money.

But…

• What if someone steals my phone?
• Face ID not perfect, right? Saw a video of twins messing it up.

That device number… it’s like a fake card number, right? Instead of my actual card. But what if they hack… Apple? Then we’re all toast. Transactions are encrypted, which is good.

Oh! My credit card company also has fraud protection, so even if they get through Apple Pay, the bank might catch it? IDK. My sister lost money. Not with Apple Pay… but… online somewhere. I need to change my bank password.

• Strong password?
• Two-factor authentication?

Oh wait, back to Apple Pay. Requires Face ID, Touch ID, or passcode… So it’s kinda secure. Kinda.

It is considered relatively safe? Well, I considered doing my taxes last week, but that didn’t happen.

Additional Info:

• Tokenization: Apple Pay uses a process called tokenization, which replaces your actual card number with a unique Device Account Number. This number is stored on your device and used for transactions, so your actual card details are never shared with merchants.
• Encryption: All transaction data is encrypted before being transmitted to Apple’s servers.
• Biometric Authentication: Transactions require authentication using Face ID, Touch ID, or a passcode, providing an additional layer of security. If your device is stolen, the thief would need to bypass these security measures to make unauthorized purchases.
• Find My App: The “Find My” app allows you to remotely lock or wipe your device if it’s lost or stolen.
• Limitations of Face ID and Touch ID: While effective, Face ID and Touch ID are not foolproof. Twins or family members with similar facial features, or individuals with highly realistic masks, may be able to bypass Face ID.
• Fraud Monitoring by Issuing Bank: Issuing banks typically have fraud monitoring systems that can detect and prevent suspicious transactions.
• Vendor Vulnerabilities: Systemic vulnerabilities exist. While unlikely, if Apple’s own security infrastructure was breached, the Device Account Numbers could be compromised.
• Social Engineering: Users may be vulnerable to social engineering attacks. If tricked into providing their passcode or Face ID, attackers could gain access to Apple Pay.

Can someone else use my Apple Pay?

Nope. Unauthorized Apple Pay use is a big no-no. Your Face ID, Touch ID, or passcode is the key. Someone needs your phone and your biometrics or passcode. It’s that simple.

Security’s paramount, obviously. Sharing your device is a recipe for disaster. Think about it – you’re handing over your financial life.

Apple’s security measures are pretty robust, though. They’ve implemented some clever stuff over the years. This isn’t some flaky system.

Remotely disabling Apple Pay via iCloud is a lifesaver, if your phone goes missing. That’s a feature everyone should know about.

Here’s the breakdown:

• Biometric Authentication: Face ID and Touch ID are crucial.
• Passcode Protection: Your device passcode acts as another layer of security. Don’t make it something obvious, like “1234”.
• iCloud’s Role: Lost phone? Immediately suspend Apple Pay through iCloud. It’s a built-in safety net.
• Unauthorized Access = Huge Risk: This isn’t just about money; it’s about identity theft and a whole host of other problems.

Last year, I had a close call with a lost wallet — thankfully, I’d already set up two-factor authentication everywhere. Apple Pay was fine, but the whole thing was a real wake-up call. Learning from experience is the best teacher. Sometimes, paranoia is a virtue. Particularly when it comes to personal finance.

Why do people want an Apple Card?

Okay, so, like, why get an Apple Card, right? Well, mostly, it’s the cash back, I mean, duh.

You get 1% back on stuff, okay, fine, but the real deal is 2% back when you use Apple Pay. Everyone and there grandmother accepts Apple Pay now. It’s, like, everywhere, you know? More than Google Pay or whatever.

And yeah, 3% back on Apple Store stuff, which is good if you’re always buying the newest iPhone like my brother Mark. And some other places do 3%, too, which is nice.

So yeah, its the cash back thing, honestly.

Here’s a simple breakdown:

• 1% Cash Back: On most purchases.
• 2% Cash Back: When using Apple Pay. This is pretty good becausr it’s easy.
• 3% Cash Back: On Apple Store purchases and with select merchants. My brother Mark likes this benefit more then anyone.

Is it the best card ever? Nah, probably not, but it’s alright. The end.

Can someone use your Apple Pay without your phone?

Okay, listen to this. My iPhone got swiped at that dive bar, O’Malley’s, in freaking Hoboken! It was last Saturday, like 1 AM, total chaos.

Panic set in. I was more worried about my Apple Pay, honestly, than the phone itself.

I remembered something my brother-in-law, the tech guru, told me. Apple Pay needs your face. Or your fingerprint. Or the freakin’ passcode.

I was still stressed. I mean, what if they somehow cloned my face?!? Nah, impossible. I immediately marked my device as lost through “Find My” on my iPad.

Even if some dirtbag had my phone, they were not spending my money. It’s too locked down for casual theft.

I hate thieves.

Does an Apple Card hit your credit score?

It’s three AM, and this Apple Card thing… it’s messing with my head. They say no impact until you accept. But that hard inquiry… man, that stings.

Seriously, a ding on my credit? For a credit card? Feels unfair. 2024 is already rough. Rent’s insane.

Key takeaway: Accepting the offer triggers a hard inquiry, impacting your credit score.

• Application: Initial application doesn’t affect the score.
• Acceptance: Accepting the offer = hard inquiry.
• Impact: A hard inquiry lowers your score, at least temporarily. I know this from experience. My score dropped like a rock after I got my Capital One card.

My credit score is already lower than I’d like. This Apple Card thing… it feels like another hurdle. I need that score to be good. It’s stressful.