On Tech It Out, we keep you informed about online scams affecting your finances and privacy. This time we shed light on a new scam that specifically targets iPhone users. Watch the report for more details.

Apple ID Loan Scam Explained

Authorities in China have arrested fraudsters involved in Apple ID loan scams, in which they tricked iPhone users into giving their Apple IDs and used those to exploit the victims.

What is Apple ID loan scam? How to stay safe from the latest online fraud?

Apple Inc's (AAPL.O) Japan unit is being charged 13 billion yen ($98 million) in additional taxes for bulk sales of iPhones and other Apple devices to foreign tourists that were incorrectly exempted from the consumption tax. Watch this video to know more.

World Business Watch: Apple Japan hit with $98 million in back taxes

Several cyber attackers have now found a new way to break into customers accounts in China and swipe off unknown amounts of cash - through their Apple IDs - Ant Financial’s Alipay, the operator of one of China's top two mobile payment apps, and Tencent Holdings Ltd.

Cyber hackers using stolen Apple ID's to steal cash from China's Alipay: Report

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Apple ID Loan Scam Explained

What is Apple ID loan scam? How to stay safe from the latest online fraud?

World Business Watch: Apple Japan hit with $98 million in back taxes

Cyber hackers using stolen Apple ID's to steal cash from China's Alipay: Report