Ticketmaster warns North American customers after major hack

Ticketmaster has alerted its North American customers to take precautionary measures following a significant cyberattack in May. Overnight emails sent to Canadian users urged vigilance against identity theft and fraud.

The breach, affecting 560 million customers worldwide, saw hackers steal personal details which are now being sold online. Despite repeated requests, Ticketmaster has not commented on the delay in notifying customers, attributing it to ongoing police investigations.

The hackers, known as ShinyHunters, reportedly infiltrated Ticketmaster by stealing login details from its cloud storage provider, Snowflake, affecting over 160 other clients, including Santander, whose 30 million customers in Chile, Spain, and Uruguay were also compromised.

In the wake of the breach, Ticketmaster advises monitoring bank statements and signing up for company-provided identity monitoring services. The company cautions users to be wary of phishing emails that might exploit the stolen data.

The wider hack has exposed vulnerabilities in cloud storage security, with ShinyHunters demanding $500,000 for the stolen data. Cybersecurity firm Mandiant confirmed that Snowflake itself was not breached, but login credentials were obtained directly from each client.

Despite the scale of the breach, Ticketmaster’s parent company Live Nation has downplayed its impact on business in filings with the US Securities and Exchange Commission.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.

Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 GroovyTrades. All Rights Reserved.

To Top