China's Global Times newspaper is reporting today that over 50,000 stolen iTunes accounts are currently being sold via taobao.com, a Chinese online store.
Some of the accounts are selling for as cheap as 1 yuan (about $0.15 USD) with others going for as high as 200 yuan ($30.15 USD).
An investigative journalist for the paper says he was able to quickly purchase an account for 33 yuan, ... [ read the full article ]
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Stuff like this is why I changed my iTunes account, cancelled my credit card, and only use Gift Cards (that I bought and then promptly use) with iTunes when I buy music.
I've experienced this first hand. Signed up for an iTunes account, had my iTunes runnning over night,updating my song list, and voila, Was charged around $144 USD on my credit card. Had to go to the bank and they told me to file a police report before I could get my stolen money returned. was rather amusing going to the local cops, telling them that charges for iTunes of Luxembourg were made on my account without my consent. They did fill out a police report, but highly doubt that the city police dept. is going to fly out to Luxembourg to nab the villains. All in all I did get my money back, but had to pay for the copies of my police report. And by the way, I got the exact standard reply from Apple, the one that's posted in this article.
