Fraudulent iTunes on sale

Tens of thousands of fraudulent iTunes accounts are for sale on a major Chinese Web site, reports the BBC.

Around 50 000 accounts linked to stolen credit cards are listed on auction site TaoBao, the country's equivalent of eBay. Buyers are promised temporary access to unlimited downloads from the service for as little as one yuan a time.

Apple, which recently stepped up iTunes' security after a series of break-ins, declined to comment.

With so many investors becoming fans of the company, Facebook will be legally required to begin sharing more information about its finances and strategy by April 2012, according to documents distributed to prospective shareholders, writes Associated Press.

Some of the numbers that began trickling out yesterday were eye-popping - most notably a net profit margin of nearly 30%, much higher than most people had previously speculated.

The owner of the world's largest Internet social network, privately held since it started in a Harvard University dorm room seven years ago, will be forced to open its books because it expects to have more than 500 shareholders at some point this year.

Research In Motion (RIM) has revealed a new model of its forthcoming BlackBerry PlayBook tablet that will ship in the US, but has yet to confirm whether this will be the much-anticipated first outing for the device, states V3.co.uk.

RIM and US carrier Sprint unveiled plans at CES for a new BlackBerry PlayBook model with so-called 4G network capability.

This model, the BlackBerry 4G PlayBook, is the first confirmed carrier deal for RIM's tablet device.

A security researcher has found a way to bypass a measure in Adobe's Flash Player that is designed to harden it against hack attacks, according to The Register.

Billy Rios, a Google researcher who published the method on his personal Web site, said it circumvents the local-with-file system sandbox, which is supposed to prevent Flash files loaded locally from passing data to remote systems.

By design, the so-called SWF files are locked in a perimeter that cannot communicate with the outside world. This is intended to thwart malicious Flash content that would otherwise locate sensitive user data and send it to machines controlled by attackers.