We reported earlier on the hack of Bungie.net that opened up Xbox Live and user’s credit cards to theft.

Well, Microsoft responded to Kotaku in true MS fashion. No direct answer of what’s going on, no confirmation of the attack, just sort-of brushing it away to the side. Just like they did when myself and a few other users contacted them a bunch to get our credit cards removed from their systems.

Recently, there have been reports of fraudulent activity and account theft taking place on the Xbox LIVE network. Security is a top priority for Xbox LIVE, and we are actively investigating all reports of fraudulent behavior and theft. Any customer with a question about the security of their Xbox LIVE account should contact 1-800-4-MY-Xbox, and
an Xbox Customer Service Representative will help them understand our security policies and procedures.

Either a professional security consultant misinterpreted his data and blew it out of proportion, or Microsoft is dodging the bullet here again. You be the judge.