The world’s largest ticket retailer is in hot water after their parent company, Live Nation Entertainment filed an 8-K filing with the Security and Exchange commission admitting that they had been hacked to the tune of 1.3 terabytes of information. That amounts to 560 million customers’ personal information that has been stolen from the company’s servers. Today, we take a look at the hack and what it means for consumers.
A hacking group by the name of ShinyHunters breached the Live Nation Entertainment servers and was able to get their hands on a massive amount of customer data. In media reports, they gained access to the data through a third-party cloud provider and were able to take the lot of it. According to the cloud provider, the breach was a result of users who didn’t turn on their multi-factor authentication, and was breached using credentials the hackers had already obtained through the use of infostealing malware.
If a retailer you do business with gets hacked, there really isn’t any recourse. Stand up companies will offer something—even if it is only credit monitoring—to make up for the breach of trust. There are things you can do, however, to protect yourself from identity theft. They include:
If you are one of the millions of people that do business with Ticketmaster every year, keep your eyes and ears open to know exactly what kind of exposure you have to this particular hack. If you would like to follow cybersecurity and business technology, please return to our blogs soon.
About the author
I consider myself a very eclectic driven individual. I am an entrepreneur at heart and am addicted to self improvement. I enjoy creating my own objectives and path in life rather that be within my company or with my family. I live by the philosophy to always strive to be the best version of yourself. I love people and therefore I love the service industry. Success in life and in business is what I look for in every day!
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