The attack goes like this:
* Hammer the Netflix signup form until you find a gmail.com address which is “already registered”. Let’s say you find the victim jameshfisher.
* Eve creates a Netflix account with address jameshfisher+netflix
* Sign up for free trial with a throwaway card number.
* After Netflix applies the “active card check”, Eve cancels the card.
* Wait for Netflix to bill the cancelled card. Then Netflix emails jameshfisher+netflix, going to jameshfisher's inbox, asking for a valid card.
* Hope Jim reads the email to jameshfisher+netflix, assumes it’s for his Netflix account backed by jameshfisher, then (follows a link in the email and) enters his card 1234.
* Eve changes the email for the Netflix account to eve@gmail.com, kicking Jim’s access to this account.
* Use Netflix free forever with Jim’s card 1234!
Either they're both security liabilities, and they should both be removed, or the problem lies elsewhere.