An anonymous reader writes: Stolen iTunes accounts go for as little as 10p on a leading Chinese shopping site, and credit cards are at risk
Around 50,000 hacked iTunes accounts are being sold on China’s leading online shopping site Taoboa.com at prices as low as 10p, it has been revealed.
For 200 yuan (£19.50), a Taobao user can access a hacked account on iTunes with £130 worth of vouchers to buy any digital product from Apple’s entertainment vault.
However, these illegal accounts will be valid for only 24 hours after the purchase through Taobao’s online payment system.
“A 24-hour limit is out of concern that the legitimate user will discover his account being violated and cancel his card within this period,” Xu Yuanzhi, a Chinese IT expert who has been following the case, told the Global Times, where details of the fraud first surfaced.