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Thursday, May 14, 2015

You Just Might Want To Pay Cash For That Hot Cup Of Joe

Starbucks inspires loyalty among its heavy users — so much so that they're willing to connect their Starbucks gift cards and phone apps directly to their credit or debit cards, auto-refilling the balance when it runs low.

 But this has opened up a hole hackers can exploit.

 Writing about the scheme journalist Bob Sullivan says:
 "The fraud is a big deal because Starbucks mobile payments are a big deal.

 Last year, Starbucks said it processed $2 billion in mobile payment transactions, and about 1 in 6 Image result for Hot Cup Of Joetransactions at Starbucks are conducted with the Starbucks app. Maria Nistri, 48, was a victim this week.

 Criminals stole the Orlando women’s $34.77 in value she had loaded onto her Starbucks app, then another $25 after it was auto-loaded into her card because her balance hit 0.

 Then, the criminals upped the ante, changing her auto reload amount to $75, and stealing that amount, too. All within 7 minutes."

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