Microsoft addresses recent Xbox Live account thefts
It seems that hackers have managed to find a new loop hole (although Microsoft prefers not to call it that) via the account logins, which allows them to steal the Xbox Live accounts of other users.
XBL user Jason Coutee lost $100 when hackers broke into his account and after doing some detective work of his own, he discovered a way in which the hackers could have taken over his account.
Apparently, he discovered that there's a way for hackers steal passwords more efficiently by manipulating an exploit that can get around the typical CAPTCHA box that appears after failing to login into the service. Thanks to this, hackers are able to run a script that enters in a series of passwords, without interruptions from that particular security measure (for the most part anyway).
When Microsoft learned about this whole ordeal, they had this to say:
Microsoft also said that these kinds of intrusions are also likely the result of nasty pieces of malware and various phising schemes from differing sources that are being used to snatch up passwords.
So, if you're an Xbox Live user, be sure that your password is a secure one.
Man, this hacking crap is getting old fast.
» Source: http://xboxlive.ign.com/articles/121/1216502p1.html
» Tagged In: #Hacking, #Ryan Conway, #Xbox 360, #Xbox Live