The data breach that MGM Resorts is calling a cyberattack is expected to cost the casino giant more than $100 million, the Las Vegas-based company says
The exterior of the MGM Grand hotel-casino is pictured on Wednesday, Sept. 20, 2023, in Las Vegas. The cybersecurity attack at MGM Resorts last month is expected to cost the casino giant more than $100 million, the Las Vegas-based company said in a Thursday, Oct. 5, regulatory filing. The data breach last month that MGM Resorts is calling a cyberattack is expected to cost the casino giant more than $100 million, the Las Vegas-based company said in a Thursday regulatory filing.
The incident bore all the hallmarks of an extortionary ransomware attack, which MGM has not confirmed. If so, it could be the costliest ransomware attack on record, said Brett Callow of the cybersecurity firm Emsisoft. In 2019, the Norwegian aluminum manufacturer Norsk Hydro suffered $70 million in losses after refusing to pay ranswomare criminals.
MGM has “no evidence” that the hackers and criminal actors have used this data to commit account fraud orHornbuckel said, noting that the company will also reach out to impacted consumers via email and offer free identity protection and credit monitoring services. “We regret this outcome and sincerely apologize to those impacted," he added.
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Cyberattack at MGM Resorts expected to cost casino giant $100 millionThe cybersecurity attack at MGM Resorts last month is expected to cost the casino giant more than $100 million, the Las Vegas-based company says
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Cyberattack at MGM Resorts expected to cost casino giant $100 millionThe cybersecurity attack at MGM Resorts last month is expected to cost the casino giant more than $100 million, the Las Vegas-based company says. MGM CEO Bill Hornbuckle says no customer bank account numbers or payment card information was compromised in the incident. But hackers stole other personal information — including names, driver’s license numbers and social security numbers belonging to some customers who did business with MGM prior to March of 2019. Beyond the casino world, Clorox also disclosed a cybersecurity attack recently. The maker of bleach and other household products says the attack has caused wide-scale disruption of operations — and predicts a significant fall in sales for the first quarter of 2024.
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Cyberattack at MGM Resorts expected to cost casino giant $100 millionThe cybersecurity attack at MGM Resorts last month is expected to cost the casino giant more than $100 million, the Las Vegas-based company says.
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Cyberattack at MGM Resorts expected to cost casino giant $100 millionThe cybersecurity attack at MGM Resorts last month is expected to cost the casino giant more than $100 million, the Las Vegas-based company says.
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MGM Resorts Refused to Pay Ransom but Lost $100 Million in Wake of CyberattackThe casino chain suffered a cyberattack in September that stole social security information from customers who transacted prior to March 2019.
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Cyberattack cost MGM Resorts about $100 million, Las Vegas company saysKevin Collier is a reporter covering cybersecurity, privacy and technology policy for NBC News.
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