Ticketmaster’s parent company Live Nation Entertainment informed the US Securities and Exchange Commission about the data leak on Friday. The company said it had noticed the hacker attack on May 20 and had commissioned specialist companies to investigate.
500,000 euros ransom demanded
The hacker group ShinyHunters had previously announced a cyber attack on Ticketmaster on the dark web and offered to sell data from 560 million customers, including their names, addresses and credit card information. The group demanded a ransom of $500,000 (€460,744.56).
“We are working to minimize the risk to our users and the company and have notified and are cooperating with law enforcement authorities,” Live Nation said. The incident will “not have a material impact on our overall business or financial condition.”
Authorities investigate
The Australian government announced on Thursday that it had launched an investigation into the hacker attack. The US Federal Bureau of Investigation (FBI) offered its assistance.
The hacker group ShinyHunters made headlines in 2020 when, according to the US Department of Justice, it posted huge amounts of customer data from more than 60 companies online. In January, a French member of the group was sentenced to three years in prison and ordered to pay five million dollars in compensation in Seattle.
Data leak also at Ticketek
Meanwhile, it was announced that the Australian ticket provider Ticketek was also the victim of a cyberattack. The company did not provide any information on the extent of the data leak, while the Australian government stated that “many Australians” could be affected.
Ticketmaster was acquired by Live Nation in 2010, which rose to become a global giant in the live event industry. Ticketmaster has been criticized in the US for decades because of its service fees and ticket costs. The US Department of Justice filed an antitrust lawsuit last week accusing Ticketmaster and Live Nation of abusing their dominant market position to drive up ticket prices and force competitors out of the market.
My themes
For your bookmarked topics
new articles found.
info By clicking on the icon you add the keyword to your topics.
info
By clicking on the icon you open your “my topics” page. You have of 15 keywords saved and would have to remove keywords.
info By clicking on the icon you remove the keyword from your topics.
Add the topic to your topics.
Source: Nachrichten
