Black Market

Apple seems to like iPhone hack prices being high – just think about the roughly $1 million the FBI paid for a zero-day vulnerability to access the San Bernardino shooter's iPhone 5c. In fact, Apple head of security engineering and architecture Ivan Krstic has used such reports as an "indirect metric" to evaluate how well the company...

According to a report by KOIN 6 News (via CultOfMac), Police in Tigard, Oregon have cracked an organized retail crime operation, that used hundreds of gift cards to buy iPhones in Oregon and ship them to Hong Kong in a fraud worth $750,000. Detective T.J. Hahn told the press that organized retail theft has become a bigger crime than...