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Cyber Security Info

Russian citizen arrested in Spain for hacking e-ticket portal

July 24, 2014

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Spanish police has arrested Russian citizen Vadim Polyakov during his vacation. Polyakov faces extradition to the USA for leading the ring of criminals who hacked multiple accounts on e-ticket portal StubHub. The attackers obtained user credentials for StubHub user accounts and used them to purchase electronic tickets to various concerts and sports events that were resold by their U.S., Cnadian and U.K. accomplices. After the discovery by StubHub’s security team, the fraudsters used credit cards stolen from other sources to establish new StubHub accounts and used purchased and re-sold e-tickets to launder the money. Overall damage is believed to be around one million dollars.

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