Microsoft Points dumped, hackers thwarted?

posted onJanuary 24, 2012
by l33tdawg
http://www.flickr.com/photos/interactiondesign/5148223196/
Credit: http://www.flickr.com/photos/interactiondesign/5148223196/

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.

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