50,000 stolen iTunes accounts linked to stolen credit cards are being sold on a Chinese auction site, according to a report from the BBC.
Listings on TaoBao, the Chinese equivalent of eBay, are promising access to iTunes downloads for between 1 yuan ($0.15) and 200 yuan ($30).
However, customers are advised that they are likely to only have about 12 hours to download apps, movies, games and music from the online store before their accounts are suspended.
A reporter with the Global Times, who discovered the activity on Taobao, paid $5 for an iTunes username and password. When accessing the account they found that it contained credit card details and the address of a user based in the United States.
What isn’t entirely clear is whether fraudulent…
Read more in my article on the Naked Security website.