Cybercriminals Infiltrate MGM Resorts, Causing Major Disruptions and Losses

• Scattered Spider is a loose-knit group of native English-speaking hackers who use social engineering to break into companies. They partner with Russian ransomware gangs like BlackCat.

• Scattered Spider and BlackCat claimed responsibility for the 2023 attack on MGM Resorts that disrupted operations at Vegas hotels and casinos.

• Hackers are infiltrating companies through social engineering, tricking tech support to provide access. The MGM attack cost an estimated $100 million in losses.

• Ransomware attacks are becoming more disruptive and costly every year. Russian government provides safe haven for gangs if they don't target Russia.

• The alliance between Scattered Spider and Russian hackers signals an evolution of cybercrime that could overwhelm defenders.