Ticketmaster owner Live Nation confirms data hack
Ticketmaster owner Live Nation has confirmed a data breach that has compromised the personal details of 560 million of the ticker seller’s customers.
The breach, discovered on May 20, involves a third-party cloud database used by Ticketmaster.
Hacking group ShinyHunters is demanding a $500,000 ransom from Live Nation for the stolen data, which is said to include names, addresses, phone numbers, and partial credit card details of customers.
The breach was revealed when hackers posted an advert for the data on May 27.
In a filing to the US Securities and Exchange Commission, Live Nation acknowledged the unauthorized activity and its ongoing investigation.
Live Nation has not disclosed the exact number of customers affected but said it is working with law enforcement and regulatory authorities to mitigate the risk.
"We continue to evaluate the risks and our remediation efforts are ongoing," the company noted.
Despite the significant scale of the breach, Live Nation is not anticipating a material impact on its overall business operations or financial condition.
The hacking news comes just days after Live Nation was scrutinised by US regulators over its alleged monopoly position in the concerts and live events industry, with the American competition watchdog calling for the events conglomerate to be ‘broken up’.
