Ticketmaster fined $10 million for breaking into rival’s systems

Ticketmaster, a Live Nation subsidiary and a leading ticket distribution and sales company, was fined $10 million for illegally accessing the systems of competitor CrowdSurge using the credentials of one of its former employees.

“Ticketmaster employees repeatedly – and illegally – accessed a competitor’s computers without authorization using stolen passwords to unlawfully collect business intelligence,” Acting U.S. Attorney DuCharme said in a press release.

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Source: Bleeping Computer