Police in Sydney, Australia reportedly arrested two men this week suspected of using
The arrests followed an investigation that began last year in Sydney to root out possible fraud connected to HCE, according to
In the report, police allege that perpetrators ported mobile phone numbers and hacked into victims’ bank accounts through mobile applications, using the stolen funds to purchase electronics and other luxury goods.
HCE enables mobile payments by storing card credentials securely in the cloud instead of inside the secure element of a handset.
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