If you have a PayPal account connected to your iTunes login, now might be the time to decouple the two for a bit. At least one group of scammers has managed to find a security hole allowing them to charge thousands of dollars to users' iTunes accounts via PayPal. In some cases the amounts taken were obscene, with one would-be victim telling TechCrunch, "My account was charged over $4700. I called security at PayPal and was told a large number of iTunes store accounts were compromised." This user was able to keep his bank from disbursing funds to PayPal, but others are not so lucky.
Users are reporting all over the web that PayPal is promising to contact Apple to investigate the issues. PayPal seems to be working to set things right for their customers, but Apple hasn't been involved as of yet. Have you been a victim of this offense? Let us know in the comments who you've talked to, and what they told you.