Microsoft Store in India hacked, user data leaked, passwords stored in plain text

The Microsoft Store India was hacked by Evil Shadow, a team of Chinese hackers, who tagged the site with 'Unsafe system will be baptized.' More embarrassing than the defacement, the hackers breached the database and then leaked usernames and passwords which had been protected with no encryption. That's right, Microsoft which supposedly takes privacy very seriously, had stored passwords as plain text in the Microsoft Store.

Full Story Here!

Update 28-Feb-2012:  This gets worse and worse, now MS admits that the credit card information was also being stored in plain-text, and has been compromised as well. The Microsoft's India store is still unavailable at the time of this post.