Live Nation investigating data breach of its US Ticketmaster unit | Cybercrime

Live Nation Entertainment said it is investigating a data breach at its Ticketmaster unit that it discovered on 20 May, the latest in a string of high-profile corporate hacks in the past year.

In a filing with the US Securities and Exchange Commission, Live Nation said it had found “unauthorised activity” in a third-party cloud database that mainly contained Ticketmaster data, and was working with forensic investigators.

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

Live Nation did not mention ShinyHunters in its SEC filing.

The company did not respond immediately to a request for comment.

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The breach comes as the concert promoter has been battling regulatory scrutiny over antitrust concerns. Live Nation was hit last week with the first in a likely wave of consumer antitrust lawsuits after the US government and states sued to break up the firm, arguing that, along with its Ticketmaster unit, the company was illegally inflating concert ticket prices.

Live Nation in its filing said that on 27 May, “a criminal threat actor offered what it alleged to be company user data for sale via the dark web”.

“We are working to mitigate risk to our users and the company, and have notified and are cooperating with law enforcement,” the firm said. “As appropriate, we are also notifying regulatory authorities and users with respect to unauthorised access to personal information.”

The breach has not had and is unlikely to have a material impact on Live Nation’s business or financials, the company said.

“We continue to evaluate the risks and our remediation efforts are ongoing.”