Ticketmaster fined $10 million in corporate espionage scheme

  • The Department of Justice announced Wednesday Ticketmaster would pay a $10 million fine as portion of a differed prosecution agreement for applying an employee’s login credentials to his former employer’s laptop methods to garner data on the competitor.

    Zeeshan Zaidi, the former head of artist solutions at Ticketmaster, pled responsible to conspiring to dedicate laptop or computer intrusions and wire fraud in Oct 2019.

    Ticketmaster, a subsidiary of LiveNation, is a major service provider of reside function ticket revenue. Much of its company comes from exceptional bargains with significant artists for the presale of live performance tickets.

    In the personal computer intrusion scheme comprehensive in the agreement, Ticketmaster experimented with to steal each a customer and design and style thoughts from a competitor by logging into the competitor’s back-close procedure. The previous worker also stole the competitor’s rate calculation system in the type of an Excel spreadsheet.

    The former staff and victim company are not named in courtroom paperwork but have been earlier reported as Stephen Mead and Songkick.

    The Mead and Zaidi have the two been fired from Ticketmaster.