One of the biggest brands in the music and events business, Ticketmaster, has agreed to pay a $10 million fine for “computer intrusion and fraud offenses” after employees used stolen credentials to spy on a competitor, according to the Department of Justice. The rival company didn’t know that one of its former employees had leaked logins to Ticketmaster, which used them to gather information in the mid-2010s about the competitor’s technology and other aspects of its business. “Ticketmaster employees repeatedly – and illegally – accessed a competitor’s computers without authorization using stolen passwords to unlawfully collect business intelligence,” said acting U.S. Attorney Seth D. 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, as if that were an appropriate business tactic.” The feds don’t name the victim company, but it’s widely known to be Songkick. The investigation […]
The post Tickemaster pays $10M fine to settle charges of using stolen passwords to spy on rival company appeared first on CyberScoop.
Continue reading Tickemaster pays $10M fine to settle charges of using stolen passwords to spy on rival company→