iTunes accounts linked to PayPal have been hacked with a number of users complaining that they have been cleaned out. Experts have said there is no security hole in iTunes or Apple servers and that it is most likely users have fallen for an online scam. Apple would not comment but said that they had recently implemented new security measures.
PayPal nor Apple would talk about the scale of the problem or how many people or accounts had been hacked. PayPal said that any unauthorized charges will be reimbursed.
Phishing involves using fake websites to lure people into revealing details such as bank accounts or login names.