Apple Pay Hit by Wave of Fraudulent Transactions The transactions stemmed from breaches at retail giants including Home Depot and Target.

By Reuters

Opinions expressed by Entrepreneur contributors are their own.

Apple Inc's mobile payment system Apple Pay has been hit by a wave of fraudulent transactions using stolen credit-card data from a spate of breaches at retailers, the Wall Street Journal reported, citing people familiar with the matter.

The transactions stemmed from breaches at retail giants including Home Depot Inc and Target Corp, the Journal reported on Thursday.

The majority of unauthorized purchases have been for big-ticket items bought with smartphones at Apple's own stores, the Journal said.

Apple could not be reached immediately for comment.

(Reporting By Darshana Sankararaman in Bengaluru; Editing by Ken Wills)

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Leadership

I Was the Toxic Boss I Swore I'd Never Be — Here are 4 Confessions from My Leadership Recovery

Lots has been written about working for and dealing with a toxic boss. But have you ever considered whether that boss might be you?

Life Hacks

AI Isn't Just Changing How We Work — It's Changing How We Learn

AI agents are opening doors to education that just a few years ago would have been unthinkable. Here's how.

Business News

President Donald Trump Announces China Trade Deal, Though One Loophole Stays Closed

The de minimis provision (and how it affects cheap purchases from Temu and Shein) was not mentioned in the deal.

Buying / Investing in Business

Former Zillow Execs Target $1.3T Market

Co-ownership is creating big opportunities for entrepreneurs.

Business News

Klarna Is Hiring Customer Service Agents After AI Couldn't Cut It on Calls, According to the Company's CEO

Klarna released an AI chatbot and implemented an AI-induced hiring freeze last year.