Wouldn't you just love to wake one morning to find someone has hijacked your Xbox Live account and used your own on record credit card to buy Microsoft points, which you know they'd just use to buy some stupid online content like Frogger? Yeah, that was sarcasm, but apparently a lot of players are getting their gamertags and accounts hijacked. So what is Microsoft going to do about it?

From the article:

The investigation comes after gamers reported having their Xbox Live accounts hijacked and their credit cards used to buy "Microsoft Points," the virtual currency on Xbox Live, which has more than 6 million users.

"Recently, there have been reports of fraudulent activity and account theft taking place on the Xbox Live network," a Microsoft representative said in a statement provided to CNET News.com. "Security is a top priority for Xbox Live, and we are actively investigating all reports of fraudulent behavior and theft."

Gamers have been reporting the incidents for some time in online forums--including on Xbox.com--and to Microsoft's Xbox help desk. Many users of the Microsoft console have been frustrated with the software giant's response to date.

"My Xbox Live account was hacked and all credit card info was stolen and used to run up points...Microsoft says: 'Oh, well, better call your credit card companies, nothing we can do,'" one user wrote on the Xbox Web site last month.

Read the full article over at new.com.com