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.
This was bound to happen sooner or later. It’ll be interesting to see how Apple are able to counter this — at the end of the day, any mechanism that’s strictly algorithm-based is going to be able to be broken.
(Via AppleInsider.)