![]() Since these initial countermeasures, the company’s domestic properties have seen a return to normalcy in operations, with the majority of systems that interact with guests being restored. In response to the cyberattack, MGM Resorts took immediate action by shutting down all its systems to thwart further unauthorized access to customer data. Scattered Spider has a notorious reputation, being implicated in several major cyberattacks over the past year, targeting entities like Reddit, Riot Games, Coinbase, and even another major player in the casino industry, Caesars Entertainment. This group later joined forces with a Russian ransomware collective known as Black Cat/AlphV. Initially, the cyberattack was attributed to hackers affiliated with a group known as Scattered Spider. Las Vegas MGM was hacked details of over 10 million guests exposed online Identity of the Attackers The company also intends to reach out to the affected individuals via email, extending offers for identity protection services. Proactive measures have been initiated by MGM Resorts to assist the victims of this data breach, including the establishment of dedicated phone lines and informational websites. The total count of individuals affected by this breach remains uncertain as MGM has not issued any comments on this matter. Compromise of Customer DataĪ vast array of customer data, from Social Security numbers to passport details, was pilfered during the cyber attack. Expenses related to the cyberattack, including consultancy fees, legal services, and other related costs, amounted to less than $10 million. However, MGM remains optimistic, projecting a 93% occupancy rate in October and planning for a complete operational recovery in Las Vegas by November. This financial blow is anticipated to ripple through the earnings of the third and fourth fiscal quarters. The cyber intrusion had a profound economic impact on MGM Resorts, with losses estimated around $100 million. Fortunately, credit card details remained secure and unaffected. Despite the containment efforts by MGM, the attackers successfully exfiltrated a diverse set of customer data, including but not limited to names, addresses, phone numbers, driver’s license numbers, Social Security numbers, and passport details. The cybercriminals managed to disrupt a range of operations, from the functioning of slot machines and the systems overseeing restaurant management to the technology behind room key cards. The digital onslaught on MGM Resorts wasn’t confined to a single property but spread across its flagship resort and other prestigious properties like Mandalay Bay, Bellagio, The Cosmopolitan, and Aria. ![]() Unveiled on September 11, this digital attack led to the temporary shutdown of multiple systems within MGM’s various properties, disrupting operations and inflicting significant monetary losses. MGM Resorts encountered a devastating cyberattack recently, incurring an approximate financial setback of $100 million. ![]() Cyberattack on MGM Resorts: A Financial Debacle
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |