March 11th, 2009
iTunes gift cards cracked and selling for 1.3 cents on the dollar
Chinese crackers have cracked the iTunes gift card system and started a business selling counterfeit iTunes codes on Chinese auction sites such as Taobao.com. According to The Register the fake iTunes gift cards are created using key generators, using a technique previously applied to Windows activation hacks. Business in the illicit cards has been booming over the last six months and prices have fallen to less than $3 for a $200 iTunes card.
Music industry consultancy Outdustry confirmed that the counterfeit coupons work by buying a voucher and transferring the illegitimate credit into an iTunes account.
Jason D. O'Grady is the editor of PowerPage.org, which has been publishing daily mobile technology news since December 1995. For disclosures on Jason's industry affiliations, click here or to view Jason's full profile click here.
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