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appleinsider.com - 3/11/2009

Hackers crack Apple's iTunes gift card algorithm

— appleinsider.com — $200 iTunes Gift Certificates are selling for less than $3 in China now that a group of... local hackers has circumvented Apple's algorithm for creating the digital vouchers and built their own gift certificate generators. (more) Hackers crack Apple's iTunes gift card algorithm

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iTunes Store gift codes fall prey to hackers
Infinite Loop — ... There are thousands of forged cards for sale, all apparently generated from these cracked algorithms. Once purchased, the seller IMs a unique gift code to the purchaser. This code can then be redeemed directly in the iTunes Store. The code alone is sufficient for adding credit to the iTunes account; the pirates do not create or distribute the physical cards with the scratch codes on the back that you have undoubtedly seen at retailers. ...

Chinese crackers break iTunes gift card algorithm
APC — ... Above: Apple doesn't actually sell a $3,000 gift card, but you can still buy one online at a fraction of the value. Rather than paying for the code with a reasonably reputable payment service such as Paypal, you’ll instead likely be directed to AliPay, its Chinese distant cousin. This new method of cybercrime is gigantic, and is much like the sale of bulk credit card numbers, software serial codes, and other illegal items being offered for sale. There are many sites currently offering the fake iTunes cards , and though none of them physically sell the card you would see if ...