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Major Security Hole in iTunes Accounts Linked to PayPal

| August 23, 2010 | Data Breach, Secure File Transfer

Reports are appearing this morning about a major security hole in iTunes accounts linked to PayPal. At least one group of scammers has found a way to charge thousands of dollars to iTunes accounts through PayPal.”

Erick Schonfeld, on TechCrunch.com, gives us this breaking news on the latest iTunes security breach: “Fraudsters Drain PayPal Accounts Through iTunes“.

We just dealt with something similar back in July.

So, what is Apple doing about it?

In a related article by Dennis Rockstroh on MercuryNews.com, Rockstroh reports that Jason Roth, an Apple spokesman, has said:

Among other new security measures iTunes now requires more frequent re-entry of a customer’s credit card security code. But if your credit card or iTunes password is stolen and used on iTunes, we recommend that you contact your financial institution and inquire about canceling the card and issuing a charge-back for any unauthorized transactions. We also recommend that you change your iTunes account password immediately.”

As we asked back in July, we’d love to hear your thoughts on this and I hate to be the one to say it, but it seems that this summer has been … Apple picking season.

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Reader Comments

  1. Is this a statement or a rhetorical question??

    “As we asked back in July, we’d love to hear your thoughts on this and I hate to be the one to say it, but it seems that this summer has been … Apple picking season.”

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Ipswitch helps solve complex IT problems with simple solutions. The company’s software has been installed on more than 150,000 networks spanning 168 countries to monitor networks, applications and servers, and securely transfer files between systems, business partners and customers. Ipswitch was founded in 1991 and is based in Lexington, Massachusetts with offices throughout the U.S., Europe, Asia and Latin America.