Microsoft is looking into a potential security issue affecting its Xbox 360 video game console after a group of college students claimed they were able to extract the credit card information of a console s previous owner from the machine. The students reportedly bought a refurbished Xbox from a Microsoft-authorized reseller in 2011. Microsoft called the hack unlikely in a statement obtained by ZDNet on Monday. The company has launched an investigation into the hack, adding that it was unlikely any information was recovered in the fashion the hackers described.
Source: https://threatpost.com/microsoft-investigate-alleged-xbox-credit-card-hack-040312/76392/