Hackers can steal your credit card info from old Xbox

[PenTester]

According to Drexel University study, Even restoring your gaming console to factory settings won't remove some of the data it stores. With a handful of common tools, hackers can retrieve your credit card or personal info.

Read more: e Hacking News

 

[Ink]

Today, Microsoft issued a statement in response to the claim.

Jim Alkove, general manager of Microsoft's security of interactive entertainment business, responded to Joystiq today, offering the following statement:

We are conducting a thorough investigation into the researchers' claims. We have requested information that will allow us to investigate the console in question and have still not received the information needed to replicate the researchers' claims.

Xbox is not designed to store credit card data locally on the console, and as such seems unlikely credit card data was recovered by the method described. Additionally, when Microsoft refurbishes used consoles we have processes in place to wipe the local hard drives of any other user data. We can assure Xbox owners we take the privacy and security of their personal data very seriously.

Source

 

[Vextor]

This method seems to be a bit flawed and the hackers can't confirm the method used, so how can Microsoft confirm these rumors?