Thousands of iTunes accounts have been stolen, and are now for sale in China. According to the BBC, up to 50,000 fraudulent accounts are being sold on taobao.com, a Chinese version of eBay, at prices ranging from 1 yuan ($0.15) to 200 yuan ($30). Many listings for the accounts guarantee that buyers will enjoy unlimited downloads, including "software, games, movies, music and so on." Free downloads, however, are limited to a 24-hour period. At this point, it's unclear whether the hackers directly gained access to foreign iTunes accounts, or whether they obtained the details of overseas credit cards, and used them to set up new accounts. A reporter from China's Global Times bought an account for $5 on TaoBao, and discovered that it was linked to a credit card with a U.S. billing address. A customer service representative for one online retailer confirmed to the paper that the iTunes accounts must have been stolen: "Of course these accounts are hacked, otherwise how could they be so cheap?"
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Hackers Steal Thousands of iTunes Accounts, Sell Them in China originally appeared on Switched on Thu, 06 Jan 2011 17:40:00 EST. Please see our terms for use of feeds.
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