New exploit could cost developers thousands in lost revenue
A hacker has created a new exploit on iOS devices to allow users to make in-app purchases for free.
As reported by MacWorld, the exploit, first posted last Wednesday, has since been publicised on various websites, causing the server that enables the exploit to work crash.
The hack tricks the App Store into believing users have accessed it, when in actual fact the consumer has entered into a fake App Store instead allowing them to purchase virtual items for free.
The exploit could cost many developers thousands in potential revenue, with many titles using the free-to-play model to monetise their customers after the initial download and relying on in-app purchases to generate money.
The creator of the hack, Alexey V. Borodin, said he had created the exploit because it was his “hobby”.
Apple spokeswoman Natalie Harrison responded to the exploit and stated: “The security of the App Store is incredibly important to us and the developer community. We take reports of fraudulent activity very seriously, and we are investigating."