The most expensive ticket: Ticketmaster fined for hacking rival | Digital Trends Spanish
A fine of $ 10 million dollars must be paid by the online events company Ticketmaster, for having hacked the computer systems of rival company CrowdSurge in 2017.
Ticketmaster and its parent company Live Nation faced five criminal charges for illegally accessing the CrowdSurge platform, according to an investigation by the US Department of Justice.
According to the indictment, employees of the online ticketing company accessed CrowdSurge systems using stolen passwords “to illegally collect business intelligence.”
“Ticketmaster employees blatantly held a division-wide ‘summit’ in which stolen passwords were used to access victim company’s computers,” revealed prosecutor Seth DuCharme.
The hacking plot became known in 2017, after CrowdSurge filed an antitrust lawsuit against Live Nation.
According to the investigation, one of the main perpetrators of the plot was Stephen Mead, a Ticketmaster employee who had worked at CrowdSurge in 2013. For this reason, he handled commercial information and other internal secrets of his former employer, in addition to having access to systems computer scientists.
Ticketmaster, in accordance with agreement
In a statement to The Verge, a Ticketmaster spokesperson said the company was satisfied with the terms of the settlement that ended the lawsuit.
The spokesperson also said that both Mead and Zeeshan Zaidi, Ticketmaster’s former general manager of artist services, had been fired in 2017, after their internships became known.
“His actions violated our corporate policies and were inconsistent with our values. We are pleased that this matter is now resolved, “he said.