Customer information was hacked at JP Morgan and 9 other US banks. There was no money actually taken from accounts but through credit cards. Apple pay system was designed to prevent credit card hacks. There is no possible way to obtain the credit card number with the Apple pay system. Vinny Troia, Hacking Forensic Investigator and CEO of Night Lion Security, a cyber security and IT risk management company, discusses this topic on Fox Business.
Troia explains that the next logical way for hackers will be to match usernames and passwords of people’s bank accounts and drain their money. This would be an enormous upset for banks, when this does happen. The banks would have to give whatever money was stolen back to their customers.