Los Angeles – Some 50,000 fraudulent Apple (NASD: AAPL) iTunes Store accounts,
linked to stolen credit cards, are currently on sale at TaoBao, an online
auction site based in China, according to published reports.
encouraging buyers of the purloined accounts to use them within 24 hours of
purchase — before the owner of the hacked account realizes what has happened,
and takes steps to cancel the credit card associated with the account.
Prices for the hacked iTunes
accounts range from 1 yuan (15 cents) to 200 yuan ($30).
The BBC reports that TaoBao
is aware of the iTunes account sales on its website, but said it cannot remove
them until it receives a complaint.
“Until we receive a valid takedown
request, we cannot take action,” TaoBao told the BBC.