Apparently, the banter from the web was loud enough that both Aaron Greenberg (BIGVIP) at Gamerscoreblog and Larry Hryb (MajorNelson) felt the need to address the issue with the Xbox 360 Community. Instead of trying to re-write what was written, I will post their words below:

+++++

From Larry Hryb at MajorNelson.com

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. 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. This is a good time to remind our members that they should never give out any of their personal information. Additionally it may be a good idea to download this free PDF file from Microsoft.com 'Help Protect Yourself Against Identity Theft that gives you some excellent information and tips on how to protect yourself.

Hope that clears things up.

Major/Larry


+++++

From Aaron Greenberg (BIGVIP) of Gamerscoreblog

Xbox Live Account Concerns
posted Wednesday, March 21, 2007 3:27 PM by BIGVIP

Despite some recent reports and speculation, we 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 Bungie.net or our LIVE network. 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. We think this is a good time to remind our members that they should never give out any of their personal information.


"...Don't give out information that personally identifies you (such as your real name, address, phone number, credit card number, etc.) while you're playing. This includes voice chat and the names you create for your gamertag or mottos. This information could be used by other players for illegal or harmful purposes. Also, don't give out the personal information of other players."