Live Nation Entertainment is currently investigating a data breach that occurred within its Ticketmaster unit. The breach was discovered on May 20, and Live Nation promptly reported it to the U.S. Securities and Exchange Commission (SEC). Here are the key details:
Unauthorized Activity: Live Nation detected “unauthorized activity” in a third-party cloud database primarily containing Ticketmaster data. The company is collaborating with forensic investigators to assess the extent of the breach.
ShinyHunters’ Claim: Last week, a relatively unknown cybercrime group called ShinyHunters claimed responsibility for stealing user data from over 500 million Ticketmaster customers. However, Live Nation’s SEC filing did not explicitly mention ShinyHunters.
Response and Cooperation: Live Nation is actively working to mitigate risks for its users and the company. Law enforcement has been notified, and regulatory authorities are also being informed about the unauthorized access to personal information.
Antitrust Lawsuits and Business Impact: Coincidentally, Live Nation faces antitrust scrutiny due to allegations of inflating concert ticket prices illegally. Despite the breach, Live Nation believes it won’t significantly impact its business or financials.
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