(Updated) Live Users Report Account HijackingUpdate: Microsoft has responded to reports that Bungie.net has been hacked leading to hijacking on Xbox Live accounts, saying its found no evidence of compromise on security. "Despite some recent reports and speculation, I want to reassure all of our 6 million Xbox Live members that we have looked into the situation and found no evidence of any compromise of the security of the Xbox Live Network or Bungie.net", Microsoft's Major Nelson has posted in his blog. "There have been a few isolated incidents where malicious users have been attempting to draw personal information from unsuspecting users and use it to gain access to their LIVE account", he continued, adding, "This is a good time to remind our members that they should never give out any of their personal information." "Hope that clears things up", Major Nelson concluded. Original article: Microsoft is investigating potential fraud on Xbox Live as Live users claim their accounts have been hijacked, gets emerged. Reported on CNetNews.com, Live subscribers have said their credit card details have been used to buy Microsoft Points. "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," a Microsoft spokesperson told the news service. It adds that other parties reckon the users may well have fallen victim to phishing scams or been "tricked into giving up enough information while in a game so fraudsters could call Microsoft to change the account information", rather than Live security being breached.