Hackers crack Apple's iTunes gift card algorithm
$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.
According to Outdustry, which describes itself as a music industry consultancy specializing in the Chinese music business, sellers on China's largest consumer-to-consumer online shopping site are marketing these illegitimate vouchers directly to customers.
"Choose one seller whose Taobao IM is online, talk to him a little bit, purchase his product and pay money to Taobao's online payment system, Alipay, which supports most banks in China," the report says. "All the seller actually sells is the gift voucher code which they send you directly through Taobao's IM software. You can then redeem the card in your iTunes account."
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