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Technology

Technology

Live Nation investigating Ticketmaster hack for user data leak

image credit:www.hollywoodreporter.com image credit:www.hollywoodreporter.com
image credit:www.hollywoodreporter.com image credit:www.hollywoodreporter.com

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Live Nation Entertainment said on Friday that it was looking into a data breach at its Ticketmaster company that occurred on May 20, the latest in a succession of high-profile corporate intrusions in the last year.
In a complaint with the US Securities and Exchange Commission, Live Nation stated that it discovered “unauthorized activity” in a third-party cloud database containing primarily Ticketmaster data and was working with forensic investigators.

According to many media sources, a little-known cybercrime gang known as ShinyHunters said last week that it had stolen personal data from over 500 million Ticketmaster clients.
Live Nation does not include ShinyHunters in its SEC filing.
The company did not immediately respond to a request for comment from Reuters.
The intrusion comes as the music promoter is facing regulatory examination over antitrust concerns. Live Nation was slapped last week with the first of what is expected to be a wave of consumer antitrust cases, after the US government and states moved to break up the company, claiming that it, along with its Ticketmaster unit, was illegally inflating concert ticket prices.

Live Nation stated in its filing that on May 27, “a criminal threat actor offered what it alleged to be company user data for sale via the dark web.”
“We are working to mitigate the risk to our users and the company and have notified and are cooperating with law enforcement,” the business stated. “As appropriate, we are also notifying regulatory authorities and users with respect to unauthorized access to personal information.”
According to Live Nation, the hack has had no meaningful impact on the company’s business or finances and is unlikely to do so.
“We continue to evaluate the risks and our remediation efforts are ongoing,” stated Live Nation.

 


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