Microsoft speaks about recent Xbox Live security questions

Microsoft has spoken out about the recent rumors that Xbox.com and Xbox Live have been breached.  An alleged Xbox.com hack granted access to user information and subsquently, the stealing of money via the users stored payment method.  Here’s what Microsoft had to say about the allegations.

“Microsoft can confirm that there has been no breach to the security of our Xbox Live service. The online safety of Xbox LIVE members remains of the utmost importance, which is why we consistently take measures to protect Xbox LIVE against ever-changing threats. Security in the technology industry is an ongoing process, and with each new form of technology designed to deter attacks, the attackers try to find new ways to subvert it. We continue to evolve our security features and processes to ensure Xbox LIVE customers information is secure. Online fraud and identity theft are industry-wide problems, and as such people using any online services should set strong passwords, not share those passwords across multiple services and refrain from sharing any personal details that could leave them vulnerable. As always, we highly recommend our members follow the Xbox LIVE Account Security guidance provided at http://xbox.com/security to protect your account.”

As always, take precautions to protect your password and login information at all times.  It might be a good time to update to a more secure password, and be careful who you divulge information to.