Ticketmaster Coughs Up $10 Million Fine After Hacking Rival Business
Posted January 4, 2021
- Ticketmaster must pay a hefty $10 million fine after several employees utilized unlawfully obtained passwords to hack a rival company’s computer systems – in attempts to “choke off” its business.
- The American ticket sales and distribution giant, which is owned by Live Nation, in 2013 hired an employee who formerly worked for Ticketmaster’s rival company (reported by some outlets to be Songkick, a now-defunct company that offered concert pre-sale tickets), according to the Department of Justice (DoJ) last week.
- This co-conspirator illegally retained credentials from the rival firm, which he and other Ticketmaster executives then used to hack into the victim company’s systems. From there, they were able to monitor the company’s draft ticketing web pages, allowing them to find out which artists planned to use the rival company to sell tickets.
– Lindsey O’Donnell | January 4, 2021