In exchange for the data, the hacking group ShinyHunters is requesting a sum of $500,000 from the user.
It was verified by Live Nation, the parent company of Ticketmaster, that the corporation had been the target of a cyber attack. Personal information belonging to 560 million persons, including names, phone numbers, addresses, and partial payment details, is purportedly included in the material that was stolen. In an effort to prevent the data from being sold, the hacking group ShinyHunters has requested a ransom payment of $500,000 and has stated that it has held the 1.3 terabytes of stolen data for Hackread.
According to a document that Live Nation submitted to the United States Securities and Exchange Commission on May 20, the company indicated that it had “identified unauthorized activity” and that it had subsequently begun investigating the matter. On the afternoon of May 27, “a criminal threat actor offered what it alleged to be Company user data for sale via the dark web.”
According to Live Nation, the company is making efforts to reduce the hazards that are posed to both its customers and its own business. “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,” according to the business statement. “We continue to evaluate the risks and our remediation efforts are ongoing.”
Previous breaches have occurred at Ticketmaster, including one that was carried out by a bot during the sale of tickets for Taylor Swift. Additionally, the company has a history of hacking, as evidenced by the fact that it has illegally and repeatedly gained access to the computer system of its competitor, Songkick. Rather than face criminal prosecution, Ticketmaster offered to pay a criminal fine of ten million dollars. As a result of his participation in the conspiracy, Zeeshan Zaidi, who had previously served as the head of Artist Services for the corporation, entered a guilty plea to the charges of conspiring to commit computer intrusions and wire fraud.