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Ticketmaster Fined $10M for Hacking Competitor

Ticketmaster will pay a $10 million fine for computer fraud and hacking. The company admitted responsibility for hacking an unnamed rival with the help of an employee who had previously worked there. The $10 million figure is calculated as the ... maximum $500,000 penalty for each of 20 cases of breaking the law through "unauthorized access of a protected computer." The fine is through a "deferred prosecution agreement" in which prosecutors hold off pursuing the case through the courts. As part of the agreement, Ticketmaster admitted breaking the law and must cooperate with prosecutors ... (view more)

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