Security stories are always interesting, but it’s the goose bump evoking fallout that’s most fascinating – especially when it’s a hacking story. In this instance, anyone with an iTunes account could be at risk.

Zee, Editor in Chief of The Next Web reported that an app developer, Thuat Nguyen, managed to hack into the accounts of iTunes users and purchase his own apps, positioning himself at the top of the iTunes charts.

Zee goes on to say that “as the story has developed, the problem has grown far more serious than initially thought  – not just that one particular developer and his apps – the Apple App store is filled with App Farms being used to steal.”

Here are a few facts:

• A number of iTunes accounts have been hacked and not just in the US, but worldwide.
• These hacked accounts have been used to purchase apps.
• iTunes users have reported anywhere between $100-$1,400 spent using their accounts.
• This seems to have been happening over the course of the last 4 weeks, although ‘MacRumors’ shows hacking on some level dating back to 2009.
• Apple is aware of this and is working on it.

Watching the story unfold has to be scary for anyone with an iTunes account. Pretty much everyone I know has one. Check out the article – and let us know if this happened to you.