Microsoft Loses $1.2 Million Due to Code Exploit by Hacker

What is Microsoft point? Well, it is the digital currency you use to buy Xbox and Zune content, and you can buy cards that are pre-loaded with points to enter in to your account. Recently, there is an exploit that allowed hackers to generate new Microsoft Points codes from old ones.

Due to code exploit, you can get free Microsoft Points from a lot of websites offers if you type free Microsoft Points into Google. The estimated amount of Microsoft point loss is about $1.2 million.

Microsoft Loses $1.2 Million Due to Code Exploit by Hacker

Microsoft found out about this exploit and put a stop to it immediately. Guy from saveandquitgaming.com asked Microsoft about punishing those who took advantage of the exploit and they responded with: Our Policy and Enforcement team is evaluating whether or not certain individuals have violated the Terms of Use for Xbox LIVE and will take the appropriate enforcement on an individual basis. Codes obtained legitimately by users will not be impacted.

[Gizmodo via Tech Game via Escapist via Save and Quit via Joystiq]

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