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Live Nation, which owns Ticketmaster, confirmed "unauthorized activity" on its database after a group of hackers claimed to have stolen the personal information of 560 million consumers.

Hacking Group Demands $500K Ransom for Ticketmaster Data Protection

The group asserting responsibility, ShinyHunters, has stated that the stolen data consists of names, addresses, phone numbers, and partial credit card details from Ticketmaster users around the globe.

According to sources, the hacking group is demanding a hefty $500,000 ransom to safeguard the data from being sold to third parties, BBC reported.

Live Nation recently reported to the US Securities and Exchange Commission that they received a concerning offer on the dark web. The Ticketmaster breach was initially disclosed by individuals who posted an advertisement for the data on Wednesday evening.

Ticketmaster declined to provide confirmation to the press or customers and instead chose to inform shareholders on Friday evening.

Based on the company, a criminal threat actor claimed to have access to user data and was attempting to sell it. Live Nation is currently conducting an investigation into the matter.

ShinyHunters Accused of Selling Stolen Data from 60+ Companies Worldwide

It has been alleged that ShinyHunters began selling data that was stolen from over sixty companies, both in the United States and internationally, at the start of 2020.

In January 2023, the government released a statement stating that several companies in the technology industry were among the victims.

According to Changrai Times, these companies included an international stock trading company, an apparel company, and a nutrition and fitness company.

The government has released an official statement regarding the matter. There has been a significant breach in customer data, resulting in the theft of millions of customer records. The cyberattack incidents coincide with the occurrence of other related events.

A federal complaint was filed against Live Nation on May 23 by the United States Department of Justice, along with thirty other state and district attorneys general, and the United States Attorney General.