Xbox Live account hacking

Xbox Live account hacking
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Off TopicSo I was playing my favourite game online last night (FIFA 11) an I had a great game with this guy, he scored, I scored and so on. Anyhoo after extra time it went to penalties (never agood way of decideing a game but if needs must). I won on penalties and was about to send a good game message to the guy when he sent me a less than nice message of his own (after quitting the game because he lost). He was threatening to hack my account and called me a nasty name
. Now I'm not worried that this no doubt tennage looser is actually going to hack my account but it got me thinking. Is it actually possible to hack an xbox live account?, has anyone have this happen and what possible use would it be to the hacker, I mean all my information is there for all to see. It just made me laugh how one person can be so sad and bitter after loosing what was a good game.

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