Tennessee Attorney General Jonathan Scurmetti appeared on “The Big Money Show” to discuss lawmakers’ ongoing efforts to sue Ticketmasters’ parent company, Live Nation.
Notorious Hacking Groups According to multiple reports, the company claims to have hacked into Ticketmaster’s systems and is now selling the stolen personal data of 560 million customers.
A group called ShinyHunters put 1.3 terabytes of Live Nation-owned Ticketmaster customer data up for sale on cybercrime-related platform Breach Forums for an initial price of $500,000. First reported by Hackread.com Tuesday.
Notorious hacking group ShinyHunters claimed this week that they had stolen the personal information of 560 million Ticketmaster customers and were offering the data for sale. (Photo Illustration: Joe Raedl/Getty Images)/Getty Images)
According to the media, ShinyHunters allegedly gained access to a large amount of sensitive information from Ticketmaster customers, including affected users’ names, addresses, phone numbers, expiration dates, and the last four digits of their credit card numbers.
Australian Government Spokesperson He told AFP The country’s National Cyber Security Agency said in a statement that it was “in discussions with Ticketmaster to clarify the incident,” and a U.S. Embassy spokesman told the media that the FBI had offered to help Australian authorities investigate the possible intrusion.
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Cyberdaily.au points out ShinyHunters has previously released customer data for major companies such as Microsoft, AT&T, and Home Chef.
The ShinyHunters hacking group has previously leaked customer data from other major companies, including Microsoft and AT&T. (iStock/iStock)
The day after the news broke, Ticketmaster and Live Nation were hit with a class-action lawsuit from customers over the alleged data breach. Bloomberg Law This is the first time it has been reported.
FOX Business has reached out to Ticketmaster and Live Nation for comment.
DOJ sues Live Nation and Ticketmaster, alleging “monopoly control” over live events business
The alleged hack and subsequent lawsuits add to ongoing woes for Ticketmaster and Live Nation, both of which were sued in civil antitrust lawsuits last week. U.S. Department of Justice Attorneys general from 30 states are alleging “monopoly control” over the live events industry.
Live Nation Entertainment and its subsidiary Ticketmaster were hit with an antitrust lawsuit from the Department of Justice last week. (Reuters/Brendan McDiarmid/Reuters Photo)
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| LYV | Live Nation Entertainment Inc. | 93.32 | -0.68 | -0.72% |
Live Nation Entertainment Inc.
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In a statement following the lawsuit, Live Nation Entertainment told FOX Business:[c]While casting Ticketmaster as a monopoly may be a short-term PR win for the Department of Justice, it would lose in court because it ignores the basic economics of live entertainment — including the fact that the vast majority of service fees go to venues, and that competition has steadily eroded Ticketmaster’s market share and profit margins.”
FOX Business’ Greg Norman contributed to this report.
