Ticketmaster to Pay $10 Million Fine

Ticketmaster will pay ten million dollars in fines after allegedly accessing a competitor’s computer systems.
Yesterday federal prosecutors in New York announced that the company reached a plea agreement with them. This is after they say a former Ticketmaster employee accessed usernames and passwords belonging to the unnamed competitor. According to authorities, the worker used the stolen information without authorization. Ticketmaster fired him in 2017 and he pleaded guilty to charges in Brooklyn federal court. He is now awaiting sentencing. The information obtained from accessing the systems was used, for among other things, to prepare “strategy presentations for senior live nation and Ticketmaster executives that benchmarked competitor products and services”. The company will pay the fine to resolve conspiracy to commit computer intrusion, computer intrusion of a protected computer, computer intrusion in furtherance of fraud, wire fraud conspiracy and wire fraud.