Ticketmaster Data Breach Under Investigation by Live Nation

A data breach at Ticketmaster, the leading ticket sales company in the U.S., is currently being investigated by its parent company, Live Nation. The breach came to light after an entity began offering the stolen data for sale on the dark web on May 27th.

Data for Sale on the Dark Web

According to a regulatory filing by Live Nation, a Beverly Hills-based corporation, they became aware of a potential security issue when a 'criminal threat actor' listed Ticketmaster customer data for sale. The data allegedly contains sensitive information like names, addresses, contact details, and partial credit card numbers of numerous customers.

Hackers Demand Ransom for Stolen Data

Reports indicate that the cybercriminal group known as ShinyHunters is responsible for the data theft and has demanded $500,000 for the stolen information. While Live Nation did not provide an immediate response, they have stated in a U.S. Securities and Exchange Commission filing that they are addressing the data exposure and collaborating with law enforcement authorities. The company believes this security incident will not significantly affect their business operations.

Legal Troubles Amid Breach

The data breach disclosure follows a legal complaint filed by the U.S. Justice Department against Live Nation and Ticketmaster on May 23, alleging that the companies have created an unlawful monopoly in the live events sector, which harms competition and inflates ticket prices for consumers. The case seeks to dismantle what it calls a monopolistic system.

LiveNation, Ticketmaster, DataBreach