This week in cyber news, we dive into massive data breaches, ransomware demands, and more.

• Shiny Hunters claims to have hacked over 560 million customer details from Ticketmaster and Live Nation.
• A colossal data breach has leaked 12 terabytes of information over 26 billion records.
• Most Australian companies are still willing to pay ransomware demands, according to recent research.
• Sydney man faces charges for blackmail related to a significant data breach.
• CyberNiggers hacking collective announces a breach of Space-Eyes, a key provider of satellite technology.

First up, the notorious dark web group Shiny Hunters has made headlines by claiming to have hacked over 560 million customer details from Ticketmaster and Live Nation. This revelation has sent shockwaves through the industry, raising serious concerns about the security of customer data.

Meanwhile, a supermassive data breach has been reported, revealing a staggering 12 terabytes of information encompassing 26 billion records from various sources. This breach stands as one of the largest in history, spotlighting the ongoing challenges in data security.

In another alarming development, research commissioned by Cohesity and conducted by Censuswide uncovers that most Australian companies are still inclined to pay ransomware demands. Despite numerous warnings and guidelines, businesses seem to be prioritizing quick resolutions over long-term security.

Adding to the list of cyber woes, a Sydney man is expected to be charged with blackmail following an extensive investigation into a major data breach. Law enforcement agencies acted swiftly, arresting the individual after executing a detailed operation.

Furthermore, the CyberNiggers hacking collective has declared a successful breach of Space-Eyes, a critical provider of satellite technology. IntelBroker, a prominent figure within the collective, announced the breach, highlighting yet another vulnerability in our increasingly digital world.

These incidents underline the urgent need for improved cybersecurity measures globally.