Researchers Stole $10k from MKBHD's Locked iPhone
5 hours ago
- #Cybersecurity
- #Visa Vulnerability
- #iPhone Exploit
- An exploit allows attackers to steal money from a locked iPhone using NFC, requiring physical access and specialized hardware.
- The attack tricks an iPhone into thinking it's making a payment at a mass transit terminal, bypassing the locked status.
- It requires Express Transit Mode enabled, a linked Visa card, and doesn't work with Mastercard, American Express, or Samsung Pay.
- Researchers demonstrated the exploit by collecting $10,000 from a YouTuber's locked iPhone using an NFC card reader and burner phone.
- Visa considers the fraud unlikely in real-world settings, citing zero liability protection for cardholders and the ability to dispute transactions.