Recently, many iTunes users in Singapore have had their credit cards stolen due to large-scale consumption on their accounts. More than dozens of iTunes users’ credit cards have been stolen. One of the users received a credit card from the bank. I realized the problem only after receiving the warning that the balance was too low.
In addition, OCBC Bank in Singapore reported unusual fraudulent transactions on 58 bank cards. OCBC said: "In early July, we discovered and investigated unusual transactions on 58 cardholder accounts. After confirming that these were fraudulent transactions, we deployed the necessary countermeasures."
These Credit card fraud cases are all about stealing users' credit card funds through large-scale iTunes purchases. Although some users do not have iTunes accounts, their credit cards are bound to other iTunes accounts for consumption.
Apple's Singapore branch told the media that it is "investigating the issue" and it is unclear how Apple will handle the matter.