An Australian man pleaded guilty to breaking into eBay and a local bank to steal AU$42,000 (about $34,000), in a case that demonstrates the problem of account takeovers on the auction site.

Dov Tenenboim, 21, of the Sydney suburb of North Bondi, stood accused of breaking into at least 90 different eBay seller accounts last year, mostly by guessing passwords. Tenenboim frequently figured out the credentials by matching usernames to passwords, prosecutors said. Other times he hacked into email accounts.

At The Register.

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