Live Nation reveals ‘a criminal threat actor’ offered to sell Ticketmaster data on the dark web, while reports say hackers seek $500,000 for customer info

Date:

Share post:



Live Nation is investigating a data breach at its Ticketmaster subsidiary,which dominates ticketing for live events in the United States.

Live Nation, based in Beverly Hills, California, said in a regulatory filing Friday that on May 27 “a criminal threat actor” offered to sell Ticketmaster data on the dark web.

Other media reports say a hacking group named ShinyHunters claimed responsibility for the breach in an online forum and was seeking $500,000 for the data, which reportedly includes names, addresses, phone numbers and some credit card details of millions of Ticketmaster customers.

Live Nation and Ticketmaster did not immediately respond to requests for comment.

In a filing with the U.S. Securities and Exchange Commission, Live Nation said it was “working to mitigate risk to our users” and was cooperating with law enforcement officials. It said the breach was unlikely to have “a material impact on our overall business operations.”

On May 23, the U.S. Justice Department sued Live Nation and Ticketmaster,accusing them of running an illegal monopoly over live events in America. The department asked a court to break up the system that it said limits competition and drives up prices for fans.

Subscribe to the CFO Daily newsletter to keep up with the trends, issues, and executives shaping corporate finance. Sign up for free.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Want to Foster an Inclusive Workplace? Prioritize Empathy During the Onboarding Process

First impressions matter. Here's where you are going wrong in setting up your new hire for long-term...

Congressman Patrick J. Kennedy on Why Leaders Struggle with Mental Health

I have many times talked and written about my struggle with depression and anxiety over the past...

How to Start a Publishing Company

Entrepreneurs with a passion for reading books and a broad business knowledge can start their own publishing...