Major Security Hole in iTunes Accounts Linked to PayPal

"Reports are appearing this morning about a major security hole in iTunes accounts linked to PayPal. At least one group of scammers has found a way to charge thousands of dollars to iTunes accounts through PayPal."

Erick Schonfeld, on TechCrunch.com, gives us this breaking news on the latest iTunes security breach: "Fraudsters Drain PayPal Accounts Through iTunes".

We just dealt with something similar back in July.

So, what is Apple doing about it?

In a related article by Dennis Rockstroh on MercuryNews.com, Rockstroh reports that Jason Roth, an Apple spokesman, has said:

"Among other new security measures iTunes now requires more frequent re-entry of a customer's credit card security code. But if your credit card or iTunes password is stolen and used on iTunes, we recommend that you contact your financial institution and inquire about canceling the card and issuing a charge-back for any unauthorized transactions. We also recommend that you change your iTunes account password immediately."

As we asked back in July, we'd love to hear your thoughts on this and I hate to be the one to say it, but it seems that this summer has been ... Apple picking season.