Security of Apple Pay if iPhone stolen or lost - what stops fraudulent use..?
If I set up Apple Pay on my iPhone, and it is stolen or lost and found by a dishonest person. What protections are then to prevent them accessing accounts, etc.
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According to If your iPhone, iPad, or iPod touch is lost or stolen:
"When you mark your device as lost, you remotely lock it with a passcode, keeping your information secure. This also disables Apple Pay on the missing device. And you can display a custom message with your contact information on the missing device."