Apple cash fraud is when cyber awareness training 2023  use a peer-to-peer payment system, like the app Apple Pay, to scam people. Criminals often target this platform because it doesn’t offer buyer protection like other digital wallets. If you get scammed using Apple cash, it’s very difficult to get your money back.

Scammers can use Apple cash to make fraudulent transactions by impersonating someone you know or a company you trust. They can also ask you to send them money through the payment portal in Messages on your iPhone, iPad, or Mac. The scammers will try to trick you into revealing your personal information by telling you that there’s an issue with your account. They’ll also try to scare you into clicking a link that leads to a fake website and handing your login credentials to hackers.

Information Security 101: Exploring the Fundamentals of Protecting Digital Assets

You can avoid getting scammed by being very suspicious of anyone that suddenly starts sending you money. Be especially wary of people that “accidentally” send you too much money and ask you to refund them via a different digital wallet. These types of scams are common and can be extremely dangerous. The scammers will typically use stolen credit card details to make the original payment, and if the true card owner files a dispute with the bank, you’ll lose both the product that you sold and the amount that you “refunded” to the scammer.

You should only use Apple Pay to buy or sell items with people you know. Make sure you don’t click any links sent to you over an unsecured Wi-Fi network. Also, don’t give your 2-factor authentication codes to any people over the phone or by text message. Legitimate customer support agents will never ask you for these codes.