Tomahawk, WI 08/25/2014 (Basicsmedia) – Apple Inc. (NASDAQ:AAPL) might be one of the biggest tech company in the world, but not according to Florida Man, Sharon Laverne Parrish Jr, whose actions deemed the intervention of the secret service after defrauding the company of up to $300,000 according to Buzz: 60 Leigh Scheps.
Parish Jr did not defraud the system once, but forty-two times, raising concerns about the security levels of the debit cards that are dominant with purchases in stores.
“[…] He didn’t hold up stores or break into them after hours, cops say instead he cheated the stores during the sales transactions,” said Mrs. Scheps.
With precision and confidence, Parish Jr. walked into his targets like a normal customer with the intention of purchasing his preference with his debit card. Whenever his card got declined, he pretended to be on the phone calling his bank to get the issue sorted out. Upon seeing that Parish Jr. was on the phone Apple Inc. (NASDAQ:AAPL)’s employees would be convinced of a code that was handed to them and used to override the refused transactions.
“The Feds caught on to his scheme and arrested him. He is being charged with Wire fraud and being held without bail. No word on whether Apple Inc. (NASDAQ:AAPL) is changing its policy,” said Mrs. Scheps.
The overriding code is a specific number of digits with an irrelevant combination meaning that the EFTPOS would always accept any number given in any sequence. It is still unclear as to the number of people who might have used the trick considering Parish Jr. played it 42 times in 16 different states.
It is being reported that Mr. Parish might have struck one store two times, highlighting the vulnerability of Apple Inc. (NASDAQ:AAPL)’s stores. Parish Jr.is also reported to havingused the trick on a car rental company, as well as a hotel in Seattle.
Clerks have now been advised to be the ones placing the call to banks on any refused transaction to get the required code, as one of the ways of curbing the fraudulent trick.