Ticketmaster hit by cyber attack that compromised user data

Live Nation, the parent company of Ticketmaster, revealed Friday evening that it was the victim of a cyber attack that compromised user data.

The company said in a filing with the U.S. Securities and Exchange Commission that it discovered an “unauthorized activity within a third-party cloud database,” on May 20 and promptly launched an investigation.

A week later, “a criminal threat actor offered Live Nation what it alleged was user data for sale via the dark web, according to the filing.

“As of the date of this filing, the incident has not had, and we do not believe it is reasonably likely to have, a material impact on our overall business operations or on our financial condition or results of operations. We continue to evaluate the risks and our remediation efforts are ongoing,” Live Nation said in its filing.

 

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