Last year, StubHub officials noticed a slew of unauthorized transactions, quietly refunded affected customers, and brought in law-enforcement officials. Authorities are today expected to make arrests involving a huge cyberfraud ring in which thieves hacked into more than 1,000 StubHub accounts, reports the AP. The StubHub site itself wasn’t hacked, according to a company spokesman: Instead, cyberthieves broke into other websites and pilfered customer data, then used passwords and login info to make fraudulent ticket purchases for events through StubHub.
Neither the company nor law enforcement has indicated the exact amount that was allegedly stolen or how many arrests are imminent, but the StubHub spokesman did note to Reuters that the scheme involved multiple countries. It was a "pretty intense network of cyber fraudsters working in concert with each other," he says. This news is likely to prove worrisome to consumers, who have already faced security breaches at Target, Neiman Marcus, and eBay itself. Manhattan's district attorney is expected to hold a news conference today with more details, says the AP. (More StubHub stories.)
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