The CEO of Tidal has revealed the company is launching an investigation into a security breach, resulting in the dissemination of sensitive streaming data.
Norwegian newspaper Dagens Næringsliv managed to obtain a hard drive, which they said contained billions of pieces of information about Tidal and the streaming company’s operations.
The newspaper had the hard drive’s data analyzed by the Norwegian University of Science and Technology, which claimed the hundreds of millions of fake streams helped artists like Kanye West, Beyonce, and Rihanna earn millions of dollars.
In addition to denying the Norwegian University of Science and Technology findings, Tidal’s CEO issued a new statement revealing the company has launched their own investigation, to determine how the sensitive corporate information was leaked to the press.
“Although we do not typically comment on stories we believe to be false, we feel it is important to make sure that our artists, employees, and subscribers know that we are not taking the security and integrity of our data lightly, and we will not back down from our commitment to them,” said Richard Sanders, CEO of Tidal.
“We have engaged an independent, third party cyber-security firm to conduct a review of what happened and help us further protect the security and integrity of our data,” Richard Sanders continued. “We are proud of the hard work, devotion to our artist driven mission, and tremendous accomplishments of our over one hundred employees in Norway and fifty more in the United States.”
Meanwhile, another report that Dagens Næringsliv ran earlier this week claims Tidal has fallen behind millions behind in royalty payments to a number of major and independent record labels.