Ticketmaster confirms data hack, 560 million users at risk

Live Nation did not mention ShinyHunters in its SEC filing

Live Nation Entertainment, Ticketmaster’s parent company, revealed on Friday that they are investigating a data breach discovered on May 20. The incident adds to a recent surge in cyberattacks targeting major corporations.

According to a filing with the US Securities and Exchange Commission, Live Nation detected “unauthorized activity” within a third-party cloud storage system, primarily containing Ticketmaster user data. The company is currently working with forensic investigators to understand the scope of the breach.

According to various media reports, last week a little-known cybercrime group called ShinyHunters said it had stolen user data of more than 500 million Ticketmaster customers.

Live Nation did not mention ShinyHunters in its SEC filing, Reuters informed of.

The breach comes at a time when the concert promoter is grappling with regulatory scrutiny over antitrust concerns. Live Nation was hit with the first in a potential wave of consumer antitrust lawsuits last week when the U.S. government and states sued to break up the firm, arguing the company was illegally raising concert ticket prices and its Ticketmaster unit.

Live Nation’s filing said that on May 27, “a criminal threat actor offered the company’s user data for sale via the dark web.”

“We are working to minimize the risk to our users and the company, and we have notified and are cooperating with law enforcement agencies,” the company said. “As appropriate, we are also notifying regulatory authorities and users about the unauthorized access to personal information.”

The breach is not expected to have a material impact on Live Nation’s business or financial condition, the company said.

“We are continuing to evaluate the risks and our remediation efforts are ongoing,” Live Nation said.