Video shows how to steal $10,000 from locked iPhone in controlled setting

A five-year-old iPhone security vulnerability allows attackers to extract up to $10,000 from locked devices via NFC payment manipulation, though real-world exploitation remains highly unlikely and cardholders are protected by Visa's zero liability policy. This incident underscores the importance of IT organizations implementing layered security controls and managing vendor relationships to address edge-case vulnerabilities that may persist despite regular security updates. Organizations should evaluate their mobile device management (MDM) strategies and payment card handling protocols to mitigate emerging attack vectors, particularly those involving coordinated hardware exploits and third-party payment systems.