Stolen Apple ID leads to theft of money Alipay and WeChat accounts in China

Stolen Apple ID has money stolen from Alipay and WeChat Pay, accounting to China’s top mobile payment apps. The theft takes place from people has AliPay. Thus accounts link to their Apple ID as a payment method.

The WSJ says money makes a fraudulent App Store purchases. Some Chinese iPhone users in recent days complain receiving mobile notifications of App Store. This is in accordance to state media China National Radio. Complaints on social media claim losses amounting to hundreds of U.S. dollars with text-message notifications at odd hours.

Thus both the companies confirm the breach which has any.

Alipay’s notices many people did not affect, include iPhone users connecting their accounts to other payment systems, with main rival WeChat Pay as well as credit cards. A spokeswoman for WeChat Pay said it did not issue a notice to users, accompanying statement to the media echoed Alipay.

Thus thieves appear taken the maximum possible sum for a single transaction. Some users lost up to 2,000 yuan ($288) for state media outlet Xinhua told on Thursday. Alipay advised linked Apple IDs reducing their transaction limits as a mitigation measure. Details are very sparse, Apple ID logins stole with how many users affected. Thus WeChat Pay and Alipay have around half a billion users.

Alipay says that Apple investigates the IDs stolen so far has no specific comment. An Apple spokeswoman pointed to instructions for protecting Apple IDs on a website against fraud has a two-factor authentication, a setting requires users logging in verifying the second code with their identity in addition to a password.

China has a mobile wallet market which is extremely well established, with most payments split between Alipay and WeChat.

Apple reportedly invested $13M in its initial rollout of Apple Pay to China, but the head-start enjoyed by local payment services made it an uphill battle for the company. Apple, however, persisted running a biggest ever promotion in the country back in the summer. By offering discounts and reward points, matches tactics used by local companies to grow their user bases.

Apple, however, acknowledges the establishment of dominance. Thus it is getting in with local brands, decided earlier this year with Alipay due to its own retail stores. Hence, the first time, Apple retail store allowed purchases with a third-party mobile wallet app. The company already has accepted Alipay for online purchases.