China’s Alipay Says Stolen Apple IDs Used for Theft of User Funds
In a post on Toutiao last Wednesday, Alipay said that hackers have stolen funds from its users using stolen Apple IDs, and the issue remains unresolved at present.
The Ant Financial company said that they have already reached out to Apple who has yet to offer a solution. Alipay meanwhile advises customers who have their accounts linked to their Apple IDs to lower their transaction limits.
According to state media Xinhua, it is estimated that some users have lost up to $288 due to the breach that hit both Alipay and Tencent’s WeChat.