(AmericanProsperity.com) – Live Nation, the parent company of Ticketmaster, has revealed that it was a victim of a cyberattack. The company filed with the U.S. Securities and Exchange Commission saying, “…unauthorized activity within a third-party cloud database.”
The filing stated, “A criminal threat actor offered Live Nation what it alleged was user data for sale via the dark web.”
“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,” said Live Nation, “We continue to evaluate the risks and our remediation efforts are ongoing,”
There have not been any suspects identified; The Cybersecurity and Infrastructure Security Agency directed any questions to Ticketmaster.
The data that was stolen was said to “not be that serious” and not sensitive information, and no banking medical information was stolen.
Experts have said that a way to prevent this from happening again is for users to continue changing their passwords frequently. They should also be using two-factor authentication and keeping their financial information private. The data breach took place three days before a lawsuit was filed by the Justice Department on whether or not Ticketmaster created a monopoly.
The lawsuit said that the company created a monopoly over ticket prices, but Live Nation dismissed the allegations and highlighted other factors that have affected the pricing of the tickets.
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