iTunes Accounts May Be Vulnerable To Hackers

It could be nothing, but it certainly might be something: If you make your iTunes applications and media purchases with a credit card or a PayPal account, you’d do well to take a moment and read this story and take a few precautions to ensure your financial well-being.

A number of of users who utilize their credit card or Paypal to purchase goods from the iTunes Store have reported massive unauthorized purchases of software, music and videos using their iTunes Store account. Reports of the amounts taken from the various users differ, with some seeing purchases in the hundreds of dollars, to thousands. One unfortunate individual reported that his entire bank account was drained via PayPal in the name of someone else getting their entertainment and productivity on.

At this point, there is no information available as to how the hackers who have hijacked the accounts had come by the username and password information required to exploit the account holder’s resources. Until a cause–or a solution–to the issue has been announced, we suggest that that if you must make purchases via iTunes, you consider disassociating your Paypal account and credit cards from the service and pay for your transactions through the use of giftcards. While none of the tales of hacked accounts have been confirmed at this point by Apple, in a sunny summer of unfortunate security breaches, this could well be the icing on the cake.

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