StubHub, eBay Inc’s online ticket resale service, has announced that it was the victim of a massive international cyber fraud ring. According to Reuters, details of the case are still continuing to unfold, but arrests are expected to be announced sometime Wednesday.
Glenn Lehrman, StubHub’s head of global communications, told Reuters late on Tuesday that his firm has been working with law enforcement around the world for the last year on the case. CBS DC is reporting that more than 1,000 StubHub accounts have been hacked and the cyber thieves have fraudulently bought tickets using user’s information.
StubHub, which is located in San Francisco, has reported that the cyber thieves didn’t break through its security. Lehrman stated that the Hackers managed to get account-holder’s login and password information from data breaches at other websites and retailers “or from key-loggers or other malware” on StubHub user’s computers.
Reports state that StubHub first detected the hackers and the unauthorized transactions last year. At that point, the company contacted authorities and reportedly gave the affected customers refunds for the fraudulent purchases and helped them change their StubHub passwords, according to CBS DC.
Lehrman reportedly told Reuters that the cyber fraud ring involved a “pretty intense network of cyber fraudsters working in concert with each other.”
The news of the StubHub cyber fraud ring comes just as Goodwill announced an investigation into a possible credit card data breach. According to a previous report by The Inquisitr, the investigation was announced Monday, July 21, after the company reportedly received a call from federal authorities regarding a possible data breach at American Goodwill stores.
“At this point, no breach has been confirmed, but an investigation is underway,” a statement from the company said. “Goodwill Industries International is working with industry contacts and the federal authorities on the investigation.”
Goodwill and StubHub join a long list of growing companies that have been recently targeted with similar breaches. Target was one of the recently confirmed companies with a breach in their systems which lead to hackers stealing more than 40 million customers’ names, credit cards, security codes, and passwords, according to The Inquisitr.
StubHub and law enforcement are expected to release more information regarding this cyber fraud attack throughout Wednesday. Stay with The Inquisitr as more information becomes available.
[Image via Shutterstock/fotoscool]