Ticketmaster Pays $10 Million Criminal Fine for Invading Rival's Computers
Ticketmaster will pay a $10 million criminal fine to avoid prosecution on U.S. charges it repeatedly accessed the computer systems of a rival whose assets its parent Live Nation Entertainment Inc later purchased. From a report: The fine is part of a three-year deferred prosecution agreement between Ticketmaster and the U.S. Department of Justice, which was disclosed at a Wednesday hearing before U.S. District Judge Margo Brodie in Brooklyn federal court. Ticketmaster's agreement resolves five criminal counts including wire fraud, conspiracy and computer intrusion. It also requires the Beverly Hills, California-based company to maintain compliance and ethics procedures designed to detect and prevent computer-related theft. Ticketmaster primarily sells and distributes tickets to concerts and other events. Prosecutors said that from August 2013 to December 2015, Ticketmaster employees used stolen passwords to repeatedly access computers belonging to its rival to obtain confidential business information. The rival, Songkick, specialized in artist presales, in which some tickets -- often around 8% -- are set aside for fans before general ticket sales begin, in part to foil scalpers.
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