Thousands of Stolen iTunes Accounts Found on Sale in China

Thousands of Stolen iTunes Accounts Found on Sale in China
It might be a good idea to take a close look a the transactions on your iTunes bill, as thousands of users have recently been the target of an international iTunes scam. BBC News reports that about 50,000 iTunes accounts linked to stolen credit cards have been found on the Chinese auction site TaoBao. Buyers who order the accounts are charged as low as one yuan (around 15 cents) for temporary access to unlimited downloads.

The BBC quoted the illicit listings, which told buyers they could "go after anything they like," including "software, games, movies, music and so on," warning buyers that the accounts would likely be shut down after about 12 hours of use.

Speaking with China's Global Times, one seller admitted the iTunes accounts were stolen, saying, "Of course these accounts are hacked, otherwise how could they be so cheap?"

It remains unclear whether these were previously made accounts that were stolen or if they were created with fraudulent information. Either way, reselling accounts goes against iTunes' terms and conditions.

When contacted by the BBC, Apple declined to comment. In a statement, TaoBao said, "We take all reasonable and necessary measures to protect the rights of consumers who use Taobao, of our sellers and of third-parties. Until we receive a valid takedown request, we cannot take action."

Thanks to The Daily Swarm for the tip.