"Microsoft Corp. today acknowledged reports of hackers stealing player accounts on the company's Xbox Live gaming service and said it is launching an investigation.
Reports of account theft on Xbox Live have been making the rounds of the network's user forums since at least December, but complaints amped up this week when security researcher Kevin Finisterre -- of "Month of Apple Bugs" fame -- announced that he had been hacked.
In an e-mail interview, Finisterre said he was victimized last Thursday. "We were playing with some folks that were cheating by a known method called 'standbying' or 'bridging,' and during the game, we were told 'I am going to steal your account,'" said Finisterre. "Sure enough, the next day, my Xbox said, 'We are sorry, but someone else has signed on as your gamertag, and we have to log you off.'"
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