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According to Kotaku, researchers at Drexel University recently discovered that a user's credit card data can be accessed on an Xbox 360 console even after a factory reset.
"The researchers at Drexel carried out a case study, which highlighted the problem," writes Geek.com's Natalie Shoemaker.
"They purchased a refurbished Xbox 360 from a Microsoft-authorized retailer, and found through downloading a basic modding tool they could access files and folders stored on the drive," Shoemaker writes. "Most importantly, however, they were able to excavate the original owner’s credit card information."
Go to "Even an Xbox 360 factory reset leaves your credit card details vulnerable" to read the details.
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