Adrian Johnson
TLDR:
Live Nation, the parent company of Ticketmaster, experienced a cyber attack compromising user data. The breach was discovered in a third-party cloud database, and a criminal actor attempted to sell the data on the dark web. Despite ongoing investigations, no suspects have been identified. The stolen data does not include financial or medical information, and experts recommend changing passwords frequently and using two-factor authentication to protect against similar attacks.
Summary:
Live Nation, the parent company of Ticketmaster, disclosed a cyber attack that compromised user data in a filing to the SEC. The breach was discovered in a third-party cloud database on May 20, leading to an investigation. A criminal actor attempted to sell the user data on the dark web, although no material impact on business operations is expected.
Experts stated that the stolen data did not include sensitive information like banking or medical details, reassuring customers. They recommended frequent password changes, two-factor authentication, and caution in sharing financial information online to prevent future attacks. The breach occurred just before the Justice Department filed a lawsuit to break up Ticketmaster, alleging monopolistic practices in ticket pricing for live entertainment events.
Live Nation denied the lawsuit’s claims, attributing higher ticket prices to scalpers and production costs. The investigation into the cyber attack is ongoing, with the FBI declining to comment and CISA referring inquiries to Ticketmaster. Despite the breach, Live Nation remains committed to evaluating risks and ongoing remediation efforts to protect user data in the future.
