Call us now:
That’s going to require a Form-8K submission to the SEC by Ticket masters parent company Live Nation Entertainment.
If proven correct one would assume that a data breach that took over 500 million records, is going to open up investigations across multiple jurisdictions’ over the coming months. Investigations that will raise questions over how the incident occurred, the companies data security and incident response. Possibly leading to legal actions.
The companies 10-K (29th April 2024) as it relates to cyber may get tested. ‘Data loss or other breaches of our network security could materially harm our business and results of operations, and the processing, storage, use and disclosure of personal or sensitive information could give rise to liabilities and additional costs as a result of governmental regulation, litigation and conflicting legal requirements relating to personal privacy rights.’
Investors may ask why a multi $billion revenue company posts in its 10K. ‘The success of our ticketing business and other operations depends, in part, on the integrity of our systems and infrastructure, as well as affiliate and third-party computer systems, computer networks and other communication systems. System interruption and the lack of integration and redundancy in these systems and infrastructure may have an adverse impact on our business, financial condition and results of operations.’
@Thaddeus Dziekanowski Brian D. McCarthy Rachel V. Rose, JD, MBA
Veritas GRC Ticketmaster Live Nation Entertainment
#cybersecurity #cyberriskmanagement #cyberregulation
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