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Showing posts with the label Ticketmaster

Massive Cyber Attack Hits Ticketmaster, Compromising Data Of 560 Million Customers

US Entertainment Giant Faces Major Security Breach as Hackers Demand Ransom   Ticketmaster has been hit by a massive cyber attack, putting the personal data of 560 million customers at risk. The breach, carried out by the notorious cybercrime group ShinyHunters, has exposed sensitive customer information, including names, addresses, emails, phone numbers, and partial credit card numbers. The hackers are demanding a ransom of $500,000 from Ticketmaster to prevent the sale of the data on the dark web. Details of the Breach The US entertainment giant, known for supplying tickets to live music, sports, and theatre events, discovered unauthorized activity in a third-party database containing customer data. The threat to sell this data was made public on May 27, with samples of the compromised information already posted on a hacker forum. Live Nation, which merged with Ticketmaster in 2010, stated: "We are working to mitigate risk to our users and the company, and have notified and are ...

U.S. Calls for Breakup of Ticketmaster Owner Live Nation: A Monumental Shift in the Live Music Industry

Antitrust Battle Against Live Nation Entertainment   Live Nation Entertainment, the colossal force behind Ticketmaster, is under siege as the U.S. Department of Justice (DOJ) files a landmark antitrust lawsuit calling for the breakup of the entertainment giant. This lawsuit, supported by 29 states and the District of Columbia, alleges that Live Nation has maintained a monopoly in the live entertainment industry, leveraging its extensive influence to dominate the market and stifle competition. This historic legal battle could reshape the multibillion-dollar live music industry, impacting artists, fans, and competitors alike. The Heart of the Lawsuit: Allegations and Accusations The DOJ's lawsuit accuses Live Nation of engaging in a series of anticompetitive practices that have allowed the company to solidify its hold over the live entertainment industry. According to the complaint, Live Nation has used its dominance to:Lock Venues into Exclusive Ticketing Contracts: By securing excl...