China’s Alipay: Stolen Apple IDs behind thefts of users’ money

Apple Pay, while not as popular as WeChat Pay and Alipay, has become increasingly popular in China’s large eastern cities. (Reuters)
Updated 11 October 2018
0

China’s Alipay: Stolen Apple IDs behind thefts of users’ money

  • ‘Alipay has contacted Apple many times...and the issue has not been resolved’
  • Apple Pay, while not as popular as WeChat Pay and Alipay, has also become increasingly popular in China’s large eastern cities

BEIJING, Oct 11 : Ant Financial’s Alipay, the operator of one of China’s top two mobile payment apps, said hackers have taken an unknown amount of money from accounts using stolen Apple Inc. IDs and the issue remains unresolved despite reaching out to the US giant.
Alipay said in a post on its Toutiao social media account on Wednesday that users who have linked their accounts using Apple IDs should lower transaction limits.
“Alipay has contacted Apple many times...and the issue has not been resolved,” the post said.
The breach has affected users of both Alipay and Tencent Holdings Ltd’s WeChat and some users lost up to 2,000 yuan ($288), state media outlet Xinhua said on Thursday.
A Shanghai-based spokeswoman for Apple declined to comment. Representatives for Tencent did not respond to emails or phone calls seeking comment.
Ant Financial is the payment affiliate of Alibaba Group Holding Ltd.
It is not clear how many users were affected by the breach, and Alipay’s statement urged affected users to contact Apple.
The potential breach underscores the security challenges facing China’s huge mobile payments market, where WeChat and Alipay services have become ubiquitous in daily life.
It also highlights the pitfalls facing tech firms in China, where smartphone scams and personal data breaches are more common than other markets.
Apple was chastised by Chinese state media in July for the amount of spam being sent on iMessage, with media saying with the company’s strict stance on privacy was hindering its ability to crack down on illegal behavior.
The company has since said it is contact with telecom companies on how to reduce the amount of spam received through iMessage.
Apple users in China are required to link their IDs to their phone numbers, which are in turn linked to their national identification numbers. Apple Pay, while not as popular as WeChat Pay and Alipay, has also become increasingly popular in China’s large eastern cities.
For WeChat Pay and Alipay, which each have around half a billion users, breaches are rare though users are frequently warned not to send money to unidentified people using the platforms. ($1 = 6.9305 Chinese yuan) (Reporting by Cate Cadell; Editing by Edwina Gibbs)


Iran falls to sixth biggest oil supplier to India as sanctions bite

Updated 5 min 58 sec ago
0

Iran falls to sixth biggest oil supplier to India as sanctions bite

  • Tehran dropped two places to become only the sixth biggest supplier after New Delhi cut purchases due to the impact of US sanctions
  • The UAE, which was the sixth biggest oil seller to India in October, became the third-top seller to India in November

NEW DELHI: India’s monthly oil imports from Iran plunged to their lowest in a year in November with Tehran dropping two places to become only the sixth biggest supplier after New Delhi cut purchases due to the impact of US sanctions, according to ship tracking data and industry sources.
Last month, the US introduced tough sanctions aimed at crippling Iran’s oil revenue-dependent economy. Washington did, though, give a six-month waiver from sanctions to eight nations, including India, and allowed them to import some Iranian oil.
India is restricted to buying 1.25 million tons per month, or about 300,000 barrels per day (bpd).
In November, India imported about 276,000 bpd of Iranian oil, a decline of about 41 percent from October and about 4 percent more than the year-ago month, ship tracking data obtained from shipping and trade sources showed.
After abandoning the 2015 Iran nuclear deal, US President Donald Trump is trying to force Tehran to quash not only its nuclear ambitions and its ballistic missile program but its support for militant proxies in Syria, Yemen, Lebanon and other parts of the Middle East.
India’s imports from Iran in November, included some parcels that were loaded in October. In November, Iraq and Saudi Arabia continued to be the top-two oil sellers to India.
The UAE, which was the sixth biggest oil seller to India in October, became the third-top seller to India in November, knocking down Venezuela to fourth position.