nydailynews.com nydailynews.com 30 Dec, 2020 21:30 am

Ticketmaster hit with $10 million fine for hacking competitor computers to steal clients

Ticketmaster hit with $10 million fine for hacking competitor computers to steal clients
Ticketmaster officials signed off on the fine at a Brooklyn Federal Court hearing before prosecutors released details of the company’s efforts to snare the pre-sale ticketing business of a rival operation by hiring one of its ex-employees.

The ill-gotten info was even shared at a company “summit” meeting with at least 14 employees of Ticketmaster and parent company Live Nation, authorities charged.Ticketmaster merged with Live Nation in 2010, a union of the largest ticket selling business and the biggest concern promoter.Last year, Live Nation reported its annual revenue at $11.Entertainment giant Ticketmaster was rocked and rolled with a $10 million fine Wednesday for illegally accessing a competitor’s computer system to steal confidential information — and its musical clients.

” Entertainment giant Ticketmaster was rocked and rolled with a $10 million fine Wednesday for illegally accessing a competitor’s computer system to steal confidential information — and its musical clients.Ticketmaster eventually accessed the victimized company’s client list and tried to steal their business, prosecutors alleged, before reaching a $110 million settlement with Songkick in 2018.

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