Itunes Gift Cards

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    Itunes Gift Cards - Presentation Transcript

    1. Contact: Joseph Libuszowski For Immediate Release Telephone: 206.452.2049 Fax: 206.452.2049 Email: info@ppp-media.net Point plus Partners-An Online Media & Security consulting firm responds: To truth behind Itunes Hacks & Mysterious Itunes generator Point Plus Partners, and online Media and Security consulting company is responding to an interesting story about iTunes gift cards that are being sold for 50-70% off their street price on many popular consumer auction sites. However, late last week the media had begun to circulate several questional reports on exactly how these attacks took place. In numerous reports they claim, that a group of chinese hackers had discovered the secret alogrithem used to issue these cards. However, from a security standpoint if this were true it would be virtually impossible to detect which gift cards were legitimate and which ones were illegal. Point Plus Partners, and online Media and Security consulting company is responding to an interesting story about iTunes gift cards that are being sold for 50-70% off their street price on many popular consumer auction sites. However, late last week the media had begun to circulate several questional reports on exactly how these attacks took place. In numerous reports they claim, that a group of chinese hackers had discovered the secret alogrithem used to issue these cards. However, from a security standpoint if this were true it would be virtually impossible to detect which gift cards were legitimate and which ones were illegal. Based on our research after purchasing a guide to resell these cards off of a popular consumer auction site. Our security experts determined that the cards were being purchased using stolen credit cards by Chinese criminals. Since, in order for the itunes gift card to be activated it must be purchased and later activated by Apples internal billing system. With this in mind it's easy to see how these criminals are able to sell a $100 gift card for 50-70% off the list
    2. price. By purchasing these fraudulent itunes gift cards using stolen credit cards, and going on Apple's website to activate the code that is valid between 24-48 hours, these criminals are able to scam unwitting consumers into beleiving they are getting $100 itunes gift card for a fraction of the list price. We first reported this to Apple itunes retail store team on January 19, 2009 and we were told they were looking into the matter. If you have been scammed or have had your itunes account deactivated from using a stolen gift card's, it is recommended that you contact the Internet Crime Complaint Center (IC3) http://www.ic3.gov. ### For more information about this topic, please contact Joseph Libuszowski by calling [206-452-2049] or e-mail Joseph at [info@ppp-media.net]
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