It was reported by Chinese mobile payment companies, AliPay and WeChat that some hackers were able to steal an unknown amount of money from several accounts using stolen Apple ID.
It is reported that some users lost as much as 2,000 yuan or $290 during the breach.
Apple reacted to this situation and said in a statement about this issue that:
“We are deeply apologetic about the inconvenience caused to our customers by these phishing scams.”
According to Apple, the reason that these victims had their accounts hacked is that they had not enabled the two-factor authentication which made their accounts less secure which resulted in the hackers easily gaining access to their accounts.
Apple didn’t reveal anything about how many users were affected in this breach or how much money was stolen or how did hackers gain access to the Apple IDs in the first place.
After this scandal, Apple encouraged all of its users to enable two-factor authentication on their accounts in order to keep their accounts safe and secure and protected from such incidents in the future.
China is one of the most important smartphone markets for Apple at this time as it one of the places where Apple plans its expansion. Apple recently had an alleged issue where it was reported that Chinese spies had put chips inside Apple’s motherboards which were denied by the Cupertino based company.