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And yes, I know that this is not actual hacking. This was, however, the title of the article the clip came from.
To my great amusement I saw this story hit the gamersphere yesterday. Five year old Kristoffer Von Hassel figured out a way to hack into his fathers Xbox Live account via a backdoor in the system. His father states that he is very proud of the boy. I would be too. Kudos to the kid.
Read the full news article here