iTunes gift cards hacked

A group of Chinese hackers have been able to generate their own iTunes gift cards as a result of solving the algorithm that Apple uses to control and issue the cards. As a result, they are now selling $200 gift cards online for only $2.60. The price was originally higher, but the hackers have sold their gift card generators for undisclosed sums to other hackers and companies. As a result, more companies offering the cheap cards means the overall prices quickly dropped.