Ticketmaster pays a fine to settle charges of computer intrusion and fraud
Ticketmaster LLC, a subsidiary of Live Nation Entertainment Inc. and dedicated to the sale and distribution of event and concert tickets, has agreed with the United States Attorney's Office to pay a $10 million fine to resolve the computer intrusion and fraud charges against it.
Specifically, according to the Attorney General's statements, allegedly, Ticketmaster employees illegally and repeatedly accessed the computer systems of rival CrowdSurge, using passwords held by a former senior employee of CrowdSurge, in order to collect business intelligence information.
In addition to the fine, Ticketmaster must maintain a compliance and ethics program designed to prevent and detect violations of the Computer Fraud and Abuse Act and must report its compliance to the Attorney General's Office annually.
References:
- 30/12/2020 justice.gov Ticketmaster Pays $10 Million Criminal Fine for Intrusions into Competitor’s Computer Systems
- 31/12/2020 bankinfosecurity.com Ticketmaster Fined $10 Million for Hacking Competitor
- 02/01/2021 thehackernews.com Ticketmaster To Pay $10 Million Fine For Hacking A Rival Company
- 04/01/2021 unaaldia.hispasec.com Ticketmaster pagará 10 millones de dólares por hackear una compañía rival
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