Live Nation Entertainment is currently investigating a data breach at its Ticketmaster division that was discovered on May 20. This breach is the latest in a string of major corporate hacks that have occurred over the past year.
In a filing with the U.S. Securities and Exchange Commission, Live Nation reported finding “unauthorized activity” in a third-party cloud database containing primarily Ticketmaster data and is working with forensic investigators to address the issue.
Reports surfaced last week that a cybercrime group known as ShinyHunters claimed to have stolen user data for over 500 million Ticketmaster customers. However, Live Nation did not mention Shiny Hunters in its SEC filing.
Live Nation has not yet responded to requests for comment regarding the breach.
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This breach comes at a time when concert promoters are facing antitrust scrutiny. Live Nation is at the center of this scrutiny as the first target of antitrust lawsuits filed by U.S. and state governments seeking to break up the company for alleged price gouging on concert tickets.
According to Live Nation’s filing, on May 27, a criminal threat actor attempted to sell purported user data from Live Nation on the dark web. The company is actively working to mitigate risks, notify law enforcement, regulators, and users as needed, and ensure the security of personal information.
Despite the breach, Live Nation believes it will not have a significant impact on its operations or finances. The company is evaluating risks and implementing measures to enhance its operations.
Source: www.theguardian.com
