Microsoft Points dumped, hackers thwarted?

Microsoft will dump its Xbox Live point system by years' end, according to reports, in a move that could kill what is a cash cow for fraudsters.

The Microsoft Points system was used to purchase gaming content on Xbox Live.

But it was also used by scammers who etched out a grey market selling hacked Xbox Live profiles loaded with Microsoft Points. SC Magazine previously visited dozens of lawless auction and retail sites that freely sold Microsoft Points for a fraction of the cost charged by Xbox Live.