Business and Finance
Live Nation reveals data breach at its Ticketmaster subsidiary
Live Nation is investigating a data breach at its subsidiary Ticketmaster, which dominates ticket sales for live events within the United States.
Beverly Hills, California-based Live Nation said in a regulatory filing Friday that a “criminal entity” offered to sell Ticketmaster data on the dark web on May 27.
Other media reports say the web forum breach was claimed by a hacking group called ShinyHunters, which demanded $500,000 for data that allegedly included the names, addresses, phone numbers and a few bank card information of thousands and thousands of Ticketmaster customers.
Live Nation and Ticketmaster didn’t immediately reply to requests for comment.
In a filing with the U.S. Securities and Exchange Commission, Live Nation said it’s “working to reduce the risk to our users” and is cooperating with law enforcement officials. It said the breach was unlikely to have a “material impact on our overall business operations.”
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On May 23, the US Department of Justice sued Live Nation and Ticketmaster, accusing them of getting an illegal monopoly on live events in America. The department asked the court to interrupt up the system, which it says limits competition and raises prices for fans.