It’s been reported today that many people have gotten their iTunes account hacked. While this in itself would be a minor--and puzzling--bit of thievery, it can have much larger implications. Most people have their iTunes account linked with PayPal.com for purchases of songs and videos. And many of those same people have their PayPal accounts linked to their bank account.
After hacking into an iTunes account, multiple transactions are made through PayPal purchasing iTunes products. The PayPal account is quickly drained then, if linked to a bank account, the charges are passed on to be paid by the bank.
It is important for everyone to check their iTunes and PayPal.com accounts to see if there are any unauthorized transactions. Afterwards, change your password on not only the iTunes account, but PayPal and even the bank account. Choose a password that has no meaning, mixes letters and numbers, and even uses misspelled words. Ideally, a password should look like this: sd9ow8vlwr89n. But that would be hard to remember.
Signs of a hacked iTunes account include a great number of identical purchases, and of course, any downloaded songs of the band, ABBA.