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Ticketmaster Will Pay $10 Million Fine to Settle Federal Charges It Hacked Rival’s System
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variety.comTodd Spangler NY Digital EditorTicketmaster agreed to pay a $10 million criminal fine to avoid prosecution over charges that it illegally accessed systems of a startup rival to steal proprietary info in an attempt to “choke off” the smaller company’s business, federal authorities said.On Wednesday, the ticketing giant entered a three-year deferred prosecution agreement in federal court in Brooklyn to resolve five counts of computer intrusion and fraud offenses.Under the terms of the settlement, Ticketmaster will pay a criminal penalty of $10 million and will maintain a “compliance and ethics program designed to prevent and detect violations” of computer-hacking laws as well as to prevent the “unauthorized and unlawful acquisition of.
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