The vulnerability of 225 million iTunes credit card accounts has been grossly exaggerated
The headlines over the July 4th weekend were pretty scary.
Coming less than a month after Steve Jobs unveiled Apple's (AAPL) iCloud project, the reports had a predictably unsettling effect.
"WOW," wrote The Ravenette on the Huffington Post's comment stream. "I guess we cant trust the Apple Cloud to securely contain all of our most important data. ... Hey if you all give me your credit card numbers and pin numbers I will keep them safe by painting them on a wall in Time Square."
In fact, the security of Apple's iTunes database is the envy of many an organization (e.g. Sony, the CIA, the U.S. Senate and the Arizona Department of Public Safety) that has felt the sting of Anonymous, Lulz Security and AntiSec (the splinter group that claimed responsibility for Sunday's prank). In eight years of operation, there has yet to be a credible claim of data hacking into iTunes or the Apple Store.
What happened over the weekend was certainly not that, as the Twitter message that announced it made clear:
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