I thought the FIFA thing was worse?
The FIFA thing is, as said earlier, just another way to monetize the stolen accounts.
Once you get a Gamertag, you have two ways to make money out of it:
You either buy a Family Pack, buy a shitload of points on the main account and gift those to the "sister" accounts and then sell those sister accounts
OR
You buy a shitload of points on the account, buy FIFA Card Packs and trade those Card Packs away.
I, personally, don't see the difference. In both scenarios, the "hacker" gets money from selling shit they bought on somebody else's CC for much cheaper.
And finally, before I wrap it up for the night, a few people have criticized me for not making my account safe enough and basically lumping the blame solely on me. I believe this is a pretty unfair judgement to make. I want it to go on record that I have not become the victim of a phishing scam. I am extremely conscious of online identify theft and I know exactly what to look for when it comes to non-legitimate websites. On top of that I have never logged into Xbox.com or Paypal.com through any web address other than Xbox.com and Paypal.com.
I used to say the same thing, and then I remembered: My Xbox Live password was the same as my PSN password.
People make mistakes, people use the same password on two different services, people share their passwords with other people that are not as cautious as they are. It happens.
As I said earlier in this very page, The entire LIVE PASSPORT SYSTEM uses the same password. Hotmail, MSN.com, Windows Live Messenger, Xbox Live. All share the same password. If one of them is compromised, everything is.
HOWEVER, I'd like to state again that YES, there might be a security breach at Microsoft in some place. The "insert gamertag name on gamertag retrieve package" theory is the best one I heard in a while.