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  Microsoft probes possible Xbox Live fraud
Time: 06:18 EST/11:18 GMT | News Source: News.com | Posted By: Jonathan Tigner

Microsoft is investigating possible fraud on its Xbox Live online gaming service, the company said Tuesday.

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."

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