Apple now has a new problem with store pickup for online orders- All details about the scam that costs over $400,000

tech.hindustantimes.com:

In a recent revelation at the Black Hat Asia conference, security researchers unveiled a cunning cybercrime scheme exploiting Apple Store Online's 'Someone else will pick it up' feature. This exploit has reportedly netted criminals over $400,000 in just two years.

The cybercriminals employ a two-pronged strategy to execute their scam. Initially, they sell Apple products at discounted rates on second-hand online platforms in South Korea, akin to Craigslist or eBay. Once a buyer agrees on a purchase, the criminals use stolen credit card details to buy the actual product from the Apple Store. Instead of shipping the purchased item, they opt for the 'Someone else will pick it up' option. This allows the buyer, unknowingly involved in the scam, to collect the item from an Apple retail store using a government ID and QR code/order number, reported 9to5mac.

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Named "PoisonedApple" by researchers Gyuyeon Kim and Hyunho Cho, this scam has proven lucrative. With a single iPhone 15, bought at a discounted price of $700 and later sold at its actual price of $800, criminals stand to profit $700, all at the expense of the original credit card owner.

In some extreme cases, Apple's reluctance to cooperate has hindered investigations. Despite efforts from victims to report these incidents to card companies and the police, Apple's internal policies have caused significant delays in investigations.

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Though the current scheme targets South Korea and Japan, the researchers suspect the culprits are based in China, given that the phishing web pages were registered through a Chinese ISP. Evidence also suggests mentions in simplified Chinese on dark web forums, indicating potential expansion of this scheme to other regions, including the United States.

In light of these