In a non-surprising development,  (Acculynk: Where's the PIN Offset?  My PVV) someone got their hands on data they weren't supposed to... Oh well...it's not like they hacked the PIN numbers to our debit cards or anything!  What was that 100% Guarantee that our CEO was talking about yesterday?  Something about PIN numbers being breached...Click here to refresh YOUR memory...in the meantime...

On to the next breach...

From MacMod.com

Apple's iTunes Gift Card algorithm has been cracked in China. Apparently you can order a $200 gift card for about $3 USD on someChinese online stores.  The store owner says that he has bought thecodes from a generator supplied from people who have cracked Apple'scode.  77,593 codes were available on the taobao shop.

Right nowyou can buy up to 10 cards a day.  No response from Apple yet, but I'msure that an improved algorithm has already been developed and newcards are hitting the press as I type this.


Get a $200 iTunes gift card for $3 In the early 2000s, Internet file-sharing in the form of Napster andsimilar services put the brakes on the music industry's profits. Butlegislation and alternative purchasing methods, such as the iTunes giftcard, helped alleviate some of the monetary pain felt by bands andtheir labels by funneling legitimate money to the legitimate creators.
Here comes more pain. Chinese hackers recently unveiled another wayto hit the record industry: Buy a $200 iTunes gift card for $3

Here's a still from the online auction site taobao.com that showsmultiple iTunes gift cards for sale. As of March 13, 1 USD is equal to6.8 CNY, which is the currency used in China. CNY is also known as RMB.

Hackers in China are selling the gift cards for mega cheap because theydiscovered the algorithm Apple uses to generate the card's numbers. According to multiple accounts,the fake numbers are created by a key generator, which are also used tocreate serial numbers for pirated software, and then are sold on onlineauction sites, such as Taobao.com, the Chinese equivalent of Ebay.

Outdustry, a blog covering the Chinese music industry, verified that the counterfeit card numbers work.A blogger for the Web site went to Taobao.com, purchased a $200 iTunesgift card from a seller who was online, and redeemed the card numbervia instant message. The blogger also talked to the seller via onlinechat. The seller flat out admitted the gift card numbers were createdusing a key generator, and that he or she had to pay money to use thegenerator. The seller also said the phony card numbers went on themarket about a year ago, when a $200 iTunes card sold for about $46.But the prices have dropped due to the growing number of customers andan infinite amount of numbers to generate.

Continue Reading at Taking Charge...The CreditCards.com Blog

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