Seven Arrested For Fleecing StubHub For $1.6 Million In Tickets

[InfoSec News <alerts () infosecnews org>]

http://www.forbes.com/sites/katevinton/2014/07/23/seven-arrested-for-fleecing-stubhub-for-1-6-million-in-tickets/

By Kate Vinton
Forbes Staff
7/23/2014

Seven alleged cyber criminals have been arrested as part of an 
international cybercrime ring that hacked StubHub and laundered upwards of 
$1.6 million dollars, the New York D.A.’s Office announced Tuesday.  Two 
of the alleged criminals were arraigned in New York today, with bail set 
at $2 million and $500,000.

Six of the arrests were made on Tuesday across three countries—three in 
London, one in Toronto, and two in New York—highlighting the international 
scope of cybercrime.  A seventh criminal was arrested in Spain earlier 
this month. One American is expected to turn himself in this week, and two 
cybercriminals are still beyond reach in Russia, according to Manhattan 
D.A. Cyrus R. Vance at a press conference on Tuesday.

This case originally began over a year ago in March 2013, when StubHub 
discovered a cyber breach and reported it to authorities, Vance said. This 
led to a case being opened with the New York City District Attorney’s 
Office, according to a StubHub statement. The investigation uncovered that 
cybercriminals had gained access to StubHub accounts and used customers 
pre-existing card information to purchase tickets for resale, in what is 
known as an “Account Take-Over Fraud.”

StubHub, the subsidiary of eBay EBAY +1.17% (which had its own cyber 
breach) that allows people to buy and sell tickets online to games, 
concerts, and theater shows, notified affected customers after the breach 
and refunded them for the tickets in addition to increasing security, 
according to a statement.

[...]

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