Security Breach in iTunes Store could empty your Bank Account

There are people reporting that their bank and PayPal accounts have been emptied by hackers through the Apple iTunes store. This is another blow to Apple’s reputation of being a secure, safe place.

According to VALLEYWAG…

If you've got an iTunes account linked to a PayPal account, you should be on guard; users with that setup are reporting mass purchases of software, videos and music through the iTunes Store. At least one person has reported everthing was drained from his bank account, according to a report in TechCrunch, with others hit to the tun of $500 and $1,000. Another victim wrote in to the San Jose Mercury News — where the advice columnist said his account was hacked, too. It's not clear how much of this is due to security breaches on Apple servers versus other ways hackers might have gotten at iTunes passwords, but following the exposure of iPad customer data in June and the hacking of some iTunes accounts in July, Apple might want to increase the number of different ways it "has you covered" against hackers.

Apple Spokesman Jason Roth said they were aware of the problem and are working on it.

"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."