Ticketmaster agrees to pay $10 million as fine for hacking a rival Company
Ticketmaster agrees to pay $10 million as fine for hacking a rival Company: 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. 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. They were also able to hack into and snoop on the company’s Artist Toolbox, a password-protected app that provides real-time data about ticket sales. FBI Assistant Director-in-Charge Sweeney in a statement said, “When employees walk out of one company and into another, it’s illegal for them to take proprietary information with them. Ticketmaster used stolen ...