It seems that Apple’s iTunes App store has been hacked over the weekend, and individual iTunes user accounts have been also hacked and used to purchase iPhone applications from a couple of developers.
One developer has a total of 40 out of the top 50 applications in the books category in the US iTunes store and users have been charged quite a bit of money for these dodgy apps with some reporting being charged up to 800 dollars.
Apple has since removed the applications and the developer from iTunes, but it seems there are many more. You can find out fulls details of what has happened over at The Next Web.
We would recommend that anyone who uses iTunes change your password as a precaution and also check you account to see if this has happened to you. As soon as we get some information on what Apple is doing about this we will let you guys know.