Criminals in Brazil are stealing people’s iPhones to access bank accounts, not resell the devices

In São Paulo, the largest city in Brazil, criminals are stealing people’s iPhones, and after a few hours, they manage to access users’ bank accounts and then steal from their accounts.

As reported by the Brazilian newspaper Folha de S.Paulo, this kind of theft has been happening since the beginning of the pandemic and has only gotten worse. In the story, people with an iPhone 11 and iPhone XR had not only their iPhone unlocked, but also their bank account hacked.

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