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StubHub was victim of cyber fraud ring; arrests to be announced

23
Jul
2014

By Deepa Seetharaman and Jim Finkle SEATTLE/BOSTON (Reuters) – eBay Inc’s StubHub online ticket resale service said it was the victim of a massive international cyber fraud ring, the details of which authorities plan to disclose on Wednesday as they announce arrests in the case. StubHub’s head of global communications, Glenn Lehrman, told Reuters late on Tuesday that his firm has been working with law enforcement around the world for the last year on the case. Lehrman said he could not say how much money was involved or how many people were being charged ahead of announcements planned by authorities in several countries on Wednesday. Fraudulent charges were posted after hackers obtained user credentials by hacking into other sites, then used them to log in StubHub, he said.

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