Live Nation Fights Data Breach Under Antitrust Scrutiny

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

In a filing with the U.S. Securities and Exchange Commission, Live Nation said it found “unauthorized activity” in the third-party cloud database, which contained mostly Ticketmaster data, and was cooperating with forensic investigators. According to various media reports, last week a little-known cybercrime group called ShinyHunters claimed to have stolen user data from over 500 million Ticketmaster customers.

Live Nation did not mention ShinyHunters in its SEC filing. The company did not immediately respond to a Reuters request for comment.

The breach occurred as the concert organizer battled regulatory scrutiny over antitrust concerns. Last week, Live Nation saw the first of a likely wave of consumer antitrust lawsuits after the U.S. government and states filed a lawsuit to dissolve the company, arguing that it and its Ticketmaster unit had illegally inflated concert ticket prices. In its filing, Live Nation said that on May 27, “a criminal entity allegedly offered the company’s user data for sale on the dark web.”

“We are working to mitigate the risk to our users and the company and have notified and are cooperating with law enforcement authorities,” the company said. “Where appropriate, we also notify regulators and users of unauthorized access to personal data.” The breach has not had, and is unlikely to have, a material impact on Live Nation’s business or finances, the company said.

“We continue to assess risks and make remediation efforts,” Live Nation said.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)