The Department of Justice announced Wednesday Ticketmaster would fork out a $10 million high-quality as component of a differed prosecution arrangement for utilizing an employee’s login credentials to his previous employer’s pc units to garner data on the competitor.
Zeeshan Zaidi, the former head of artist providers at Ticketmaster, pled responsible to conspiring to commit personal computer intrusions and wire fraud in Oct 2019.
Ticketmaster, a subsidiary of LiveNation, is a main service provider of live celebration ticket sales. Considerably of its enterprise arrives from exclusive deals with important artists for the presale of live performance tickets.
In the laptop or computer intrusion scheme in depth in the settlement, Ticketmaster tried to steal both equally a customer and design and style strategies from a competitor by logging into the competitor’s again-end procedure. The former worker also stole the competitor’s price calculation technique in the sort of an Excel spreadsheet.
The former employee and victim firm are not named in court paperwork but have been beforehand documented as Stephen Mead and Songkick.
The Mead and Zaidi have both been fired from Ticketmaster.
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