Live Nation confirms investigation into a Ticketmaster data breach affecting 560 million customers, with hackers offering stolen data for $500,000 on the dark web.

According to a May 20 securities filing, Live Nation detected unauthorized activity in a third-party cloud database containing company information. Hacker group ShinyHunters claims to have obtained 1.3 terabytes of user data, including names, addresses, phone numbers, hashed credit card information, and order details.

While Live Nation states no "material impact" on business operations, they're working with law enforcement to mitigate risks. Though passwords weren't compromised, users are advised to change them as a precaution. The company is notifying affected users and regulatory authorities.

A class action lawsuit is developing despite Live Nation's efforts to minimize the breach's significance. The Justice Department notes that ShinyHunters has previously sold stolen data from over 60 companies since 2020.

This incident follows the DOJ's recent antitrust lawsuit against Live Nation, which seeks to break up its Ticketmaster partnership. The lawsuit alleges illegal monopolistic practices in the live ticket business, noting Live Nation's control of over 265 North American venues, including 60+ top U.S. amphitheaters.

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