eBay’s official ticket resale arm StubHub was the victim of an international cyber fraud ring.
According to Reuters, authorities plan to disclose details today as it plans to announce arrests in the case which has seen StubHub working with law enforcement around the world for the last year on the case.
The company did not say how much money was involved or how many people were being charged. Fraudulent charges were posted after hackers obtained user credentials by hacking into other sites, then used them to log in StubHub, and the schemes involved a “pretty intense network of cyber fraudsters working in concert with each other.”
It was later revealed by BBC news that fraudsters broke into the accounts of more than 1,000 customers and made purchases without their permission. Unlike the eBay breach, in this case the firm said its servers had not been hacked but attackers used IDs obtained from other attacks.
The suggestion was that the affected customers had shared their log-in details between different sites, or their computers were infected with malware that had copied their passwords.
