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Chinese auction site sells thousands of stolen iTunes accounts

50,000 stolen iTunes accounts linked to stolen credit cards are being sold on a Chinese auction site. Listings on TaoBao promise access to iTunes downloads for between 1 yuan ($0.15) and 200 yuan ($30) However, customers are advised that they are likely to only have about 12 hours to download apps, movies, games and music from the online store before their accounts are suspended. Last year, many iTunes users reported that they had received unauthorised charges of up to $1000 after a security breach.”]

Source: https://nakedsecurity.sophos.com/2011/01/06/chinese-auction-site-stolen-itunes-accounts/

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