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StubHub caught in global cyber crime ring

Wednesday, July 23, 2014 - 01:15

eBay's StubHub is caught up in an international cyber crime ring stretching from North America to Europe. Conway G. Gittens reports.

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StubHub's been hacked. The online ticket resale service owned by eBay is the latest to be caught up in a growing list of companies hit by cyber criminals. But suspects in this case have already been arrested in what turned out to be a massive international cyber crime ring. Here's Manhattan District Attorney Cyrus R. Vance: SOUNDBITE: MANHATTAN DISTRICT ATTORNEY CYRUS R. VANCE (ENGLISH) SAYING: "Today ladies and gentlemen, we are announcing the indictment of six individuals for their role in a criminal scheme in which more than 1600 StubHub user accounts were compromised and used to purchase thousands of tickets. Those tickets were resold and the proceeds were laundered through a global network of accomplices in the United States, United Kingdom, Russia and Canada. Now the defendants have been indicted on felony charges, including money laundering, grand larceny and criminal possession of stolen property." The accused have been charged for siphoning off $1.6 million from StubHub customers by using stolen credit card numbers to purchase concert and sporting event tickets and then selling them. StubHub says it has been working with global law enforcement agencies for the past year.

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StubHub caught in global cyber crime ring

Wednesday, July 23, 2014 - 01:15