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Cyber Security

Ticketmaster To Pay $10 Million Fine For Hacking A Rival Company

Ticketmaster has agreed to pay a $10 million fine after being charged with illegally accessing computer systems of a competitor. The California-based ticket sales and distribution company used the stolen information to gain an advantage over CrowdSurge by hiring a former employee to break into its tools and gain insight into the firm’s operations. An internal email said the goal was to “choke off” and “steal” its signature clients by winning back presale ticketing business for a second major artist that was a client of Crowdsurge. Ticketmaster is expected to maintain a compliance and ethics program to detect and prevent such unauthorized acquisition of confidential information belonging to its rivals.

Source: https://thehackernews.com/2021/01/ticketmaster-to-pay-10-million-fine-for.html

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