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Apple today responded to the hacked iTunes account incident that happened last weekend. Accounts were used to increase sales and ratings in the AppStore. In the Books section, Thuat Nguyen skyrocketed to 42 places out of 50 in the list of the best-selling 50 titles. You can read Apple's response here.

Developer Thuat Nguyen and his apps have been removed from the AppStore for violating the Developer Program License Agreement and engaging in fraudulent purchases.

Developers do not receive any confidential customer information when downloading apps.

If your credit card or iTunes password has been stolen and used on iTunes, we recommend that you contact your financial institution to cancel your card and issue a “chargeback” for the unauthorized transactions. For more information on password security best practices, visit:

http://www.apple.com/support/itunes

So we have no choice but to believe that there will be as few incidents as possible in the future.

Update 7.7. - By the looks of it, only 400 iTunes accounts were probably stolen. Apple servers were certainly not hacked, but people simply chose the same passwords across different services or had very weak passwords that could be easily cracked.

Source: www.engadget.com

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