Ticketmaster will pay $10 million for hacking rival ticket seller
Photo by Noam Galai/Getty Images Ticketmaster has agreed to pay $10 million for breaking into a competitors' network. The company and its parent Live Nation admitted to hiring a former employee from rival ticket seller CrowdSurge, then using his knowledge - including old usernames and passwords - to learn CrowdSurge's inner workings and cut [the company] off at the knees."
Ticketmaster employees repeatedly - and illegally - accessed a competitor's computers without authorization using stolen passwords to unlawfully collect business intelligence," said acting US attorney Seth DuCharme. Further, Ticketmaster's employees brazenly held a division-wide summit' at which the stolen passwords were used to access the victim company's computers."
The hacking allegations were r...