Friday, July 25, 2014
Hackers Steal $1M in Tickets to Elton & Justin Timberlake
Thieves got into more than 1,600 of StubHub customers' accounts and used their credit card details to fraudulently buy tickets for events through the online ticket reseller. The scam - reckoned to have cost the eBay subsidiary more than $1m in losses - was first detected in March 2013.
Around 3,500 tickets for gigs from the likes of Justin Timberlake, Elton John, as well as sports events and theatre plays were sold to these compromised accounts.
"After investigating the receipts and transaction records of more than 1,600 illegally accessed accounts, analysts in the DA’s Office were able to trace the exchanges to internet protocol addresses, PayPal accounts, bank accounts, and other financial accounts used and controlled by" the suspects, according to a statement by the office of Manhattan District Attorney Cyrus R. Vance, Jr.
More than 1,000 accounts were compromised by crooks who used pre-existing credit card information associated with compromised accounts to purchase tickets without the cardholders’ authorisation. Separately, stolen credit card details were used to facilitate additional fraud.
The suspects were indicted in the New York State Supreme Court on varying counts of money laundering, grand larceny,criminal possession of stolen property, and identity theft, among other charges.
The six defendants, and the charges they face, are summarised in a statement here.
Three of the men charged by the US are from Russia, while the others are US residents who are alleged to have acted as ticket touts (scalpers). Daniel Petryszyn, 28, of New York, NY, Laurence Brinkmeyer, 29, of Bergen County, N.J. and Bryan Caputo, 29 of Hudson County, N.J., are charged with reselling tickets. Vadim Polyakov, 30, and Nikolay Matveychuk, 21, each face money laundering and identity theft charges. Sergei Kirin, a 37-year-old Russian, faces money laundering charges.
The Royal Canadian Mounted Police, the City of London Police, the US Secret Service and the New York City Police Department worked together on the investigation.
- The Register
at 4:52 PM