Apple iTunes store linked to suspicious SG credit card transactions
By SecurityAsia Editors | Mar 14, 2012
Singapore-based customers of Apple’s iTunes store may have had their accounts hacked, or credit card information stolen, as reports surfaced earlier this week around customers’ credit cards being used for unauthorized purchases on Apple’s iTunes store.
According to local news agencies, at least 6 credit card holders have been affected, with some of the fraudulent transactions traced to China and Luxembourg.
The largest unauthorized transaction amount is reportedly S$7,000.
Customers of several banks have been affected, including Standard Chartered and Citibank.
The chairman of the Singapore Infocomm Technology Federation’s Security & Governance Chapter, Ngair Teow Hin, told ChannelNews Asia cybercriminals might be inclined to commit fraud via the iTunes store due to its virtual medium and the lack of physical address needed for goods delivery. The lack of physical address would deem it easier for the cyber fraudsters to escape detection.
Investigations are ongoing.
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