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Hacking iTunes Gift Cards, and an iTunes Update

"Recently, several media outlets have been running a fascinating story about hackers making oodles of money selling iTunes gift cards activation codes at online auctions, supposedly after cracking the secret algorithm Apple uses to generate voucher codes for iTunes gift cards.

But a blog post published today by one of the security industry’s most prominent researchers suggests that the real hack here is far simpler: The crooks are merely using stolen credit cards to purchase and resell the iTunes gift cards." – Content courtesy of Hacking iTunes Gift Cards, and an iTunes Update – Security Fix