New York authorities reportedly have charged international criminal gang members that were accused of taking part in stealing card data to buy event tickets through StubHub.
After StubHub first realized that it was targeted last March, it enhanced its security protocols. However, the gang then started using new credit card information, instead of pre-existing payments data, stolen from other users.
The gang allegedly accessed more than 1600 StubHub accounts and used them to buy 3500 tickets to various events including Elton John and Jay-Z concerns, then sold them, “defrauding the firm out of around $1 million.”
Authorities indicted 6 men “charged with money laundering, grand larceny, criminal possession of stolen property, and identity theft.” In addition, the City of London Police arrested three individuals on money laundering, and the Royal Canadian Mounted Police arrested one man.
“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.