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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Stock Puppy who wrote (176287)	10/24/2014 4:28:55 PM
From: engineer	Read Replies (1) \| Respond to of 213177

if they did match.com, it would have been simple to track them down and prosecute......(8^) ID theft along with card theft is growing fast. I think it is more a matter of WHEN things like this will get hacked, not IF they will get hacked. Just what mitigations are in place to deal with it. Visa and MasterCard both have this $50 limit on fraud that covers you the consumer so that if your card is stolen or hacked, you have some protection on the downside. If Apple pay is to succeed they will need something equivalent to this. I have not studied Apple Pay, so it might well contain this already. Also, remember a year or two ago when people were scanning cards in peoples pocket to activate their RFIC chip an read out all their information and the stealing credit card without the card. How resistant is the process hat Apple is using to this attempt? I don't know, perhaps they have solved it. Lots of things to overcome long term.