Hackers gain codes for $200 music cards and sell for less than $3
A group of Chinese hackers broke into Apple’s gift certificate algorithm and used a key generator to hack the codes of iTunes music gift cards worth $200 each. The hackers, in turn, are selling the cards, valued at $200 each, on a Chinese Web site for as little as $2.60.
Daniel Ionescu reported in his article for PC World that the somehow legitimate gift cards are being sold on an eBay-like site in China for less than $3 in some instances. The buyer receives a gift voucher code from the seller via the site’s integrated instant messaging platform. The code, then, can be used to redeem the card from a user’s iTunes account.
The Chinese blog Outdustry stated that the codes from China are so inexpensive because more people went into this business in the last six months and prices had gone down. The Chinese code seller also stated that he buys the codes from hackers and then turns a profit once more codes are sold.
Apple has not yet commented on the matter. Ionescu noted that the hacked codes could be present on legitimate $200 gift cards in stores now and that buyers could end up paying for an invalid card.
At the time of Ionescu’s article writing, the gift cards and vouchers section of the U.S. Apple Store site was under maintenance.

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