Recently, several media outlets have been running a fascinating story about hackers making oodles of money selling iTunes gift cards activation codes at online auctions, supposedly after cracking the secret algorithm Apple uses to generate voucher codes for iTunes gift cards. But a blog post published today by one of the security industry’s most prominent researchers suggests that the real hack here is far simpler: The crooks are merely using stolen credit cards to purchase and resell the iTunes gift cards. Joe Stewart, director of malware research at SecureWorks writes: This would be a pretty clever hack if it were true — however, something just isn’t quite right here. Nowhere in these articles does it explain one simple thing – how do they manage to generate activated iTunes gift voucher codes? When you purchase an iTunes gift card, it has to be activated before it will work, otherwise you will