Live Nation, the parent company of Ticketmaster, recently confirmed in a federal filing that Ticketmaster was involved in a data breach.
The breach occurred on May 20, 2024, when unauthorized activity was identified within a third-party cloud database containing company data.
Driving the news: The hacker group ShinyHunters subsequently posted a listing on the dark web, offering to sell the stolen data for $500,000.
- The compromised information includes names, emails, phone numbers, addresses, and credit card details of approximately 560 million users.
- In response to the breach, Live Nation is working to mitigate risks for both users and the company, according to the filing, and is collaborating with law enforcement.
- As of now, neither Ticketmaster nor Live Nation has issued any public statement regarding the data breach.
Zoom out: Alongside the data breach, Live Nation is facing a legal challenge. The U.S. Department of Justice, along with 29 states, has filed a lawsuit accusing Live Nation and Ticketmaster of monopolizing the live entertainment industry.
- The lawsuit alleges that Live Nation’s tactics, including threats and retaliation, have allowed them to control virtually every aspect of the industry, from concert promotion to ticketing. Live Nation has denied these allegations and plans to defend itself against the lawsuit.
