No. of Recommendations: 2

You wrote, I'm not aware of any iOS hacks on non-jail-broken devices. Are you?

Of course I can Google that for you.

No operating system is perfect. No operating system is safe. I know that for a fact.

Also, Even he says the problem isn't Apple Pay, but the way some banks choose to verify bona fides: "Card issuer implementations of the Apple Pay Yellow Path [for verifying cardholder identity] have proved to be inadequate."

Does that MATTER? Apple approved the verification method. They could have easily demanded stronger protections. The banks are trying to work with the system given to them.

Historically banks have not born the costs associated with credit card fraud. Given their track record, why would Apple expect a different outcome? Apple should never have given them an option here. They did. The results were predictable.

Besides, are you sure Apple was even concerned about ApplePay security until their iCloud was hacked? I have reason to suspect the iCloud breach was the motivation for a stronger security option in ApplePay. But if they were concerned, they should have done a better job with verification instead of rushing ApplePay out the door.

- Joel
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