iPhone App Store: Scammers hack users account, buy their own apps

iPhone users are victimzed of fraudulent activity on iTunes App Strore. According to reports, "rogue developers are hacking accounts and using them to buy fake apps, stealing Apple customers' money and driving up the popularity of their apps at the same time. "Thaut Nguyen, a Vietnamese developer of "mycompany," has a number of published books […]

iPhone users are victimzed of fraudulent activity on iTunes App Strore. According to reports, "rogue developers are hacking accounts and using them to buy fake apps, stealing Apple customers' money and driving up the popularity of their apps at the same time. "Thaut Nguyen, a Vietnamese developer of "mycompany," has a number of published books on App Store, all of which're showing up on peoples invoices from iTunes. All of Thaut Nguyen's books have been removed from App Store now."

"Some users revealed $600 worth of purchases from their accounts from Thaut, and some random apps found throughout iTunes App Store. "Yesterday my credit union contacted me saying there was suspicious activity on my debit card. Sure enough over 10 transactions in the $40-$50 area all on iTunes equaling to $558," stated a user," Nextweb.

Some apps take the scam a step further: they sell for free, and then steal your money with in-app purchases (beware of an app called World War). Note: Users should check their iTunes account purchase history and see if there was any fraudulent activity recently.

[Source]