MGM Resorts has shut down some systems and is working with cybersecurity experts and law enforcement to address a cybersecurity issue.
Over a dozen MGM Hotels & Casinos have shut down operations after a cyberattack on its computer systems, causing outages and impacting guests' ability to access rooms, use ATMs, and charge items to their rooms.
The cybersecurity issue at MGM Resorts International, which caused disruptions for customers and affected online systems, is likely the result of a cyberattack according to cybersecurity experts.
Customers of casino and hotel giant MGM Resorts have experienced various issues, including problems with slot machines and online bookings, following a cyber-attack, though the company states that its facilities are still operational and an investigation is underway.
The breach suffered by MGM Resorts International may cost the company millions of dollars, according to a cybersecurity expert, as shutting down systems to mitigate risk is a standard practice, and breaches like this could cost over $100 million.
The cyber attack on MGM Resorts International, which began on Sunday, has caused significant disruptions and financial losses for the casino and hotel giant, with a Russia-linked hacker gang claiming responsibility for the breach.
A ransomware group called ALPHAV, also known as BlackCat, has taken credit for a massive cyber breach at MGM resorts, causing disruption to various functions including guest key cards, slot machines, and credit card transactions, while the company is working to resolve the issue.
MGM Resorts is facing a widespread outage lasting four days after a cyberattack by the hacking group Scattered Spider, with guests reporting disruptions to various services including ATMs, slot machines, digital key cards, and electronic payment systems, while entertainment giant Caesars Entertainment also suffered a cyberattack attributed to the same group, resulting in stolen data and a demanded ransom of $30 million.
Hotel and casino company Caesars Entertainment has confirmed that hackers stole a significant amount of customer data, including driver's license numbers and social security numbers, in a recent cyberattack. It is believed that the company has paid a ransom to try and ensure the stolen data is deleted. A separate data breach notice revealed that the cyberattack was caused by social engineering on an unnamed outside IT vendor. Caesars is the second hotel and casino company to be targeted in recent weeks, following MGM Resorts' reported "cybersecurity issue."
Affiliate of the BlackCat ransomware group, Scattered Spider, claims responsibility for breaching MGM Resorts' infrastructure, stealing data, and deploying ransomware, demanding a $30 million ransom.
A cybersecurity breach at MGM Resorts in Las Vegas has led to unauthorized charges on loyalty accounts and concerns over stolen information, prompting increased credit monitoring by affected customers.
MGM Resorts International could be losing millions of dollars in daily revenue and cash flow due to a cyberattack, with estimates ranging from $4.2 million to $8.4 million in revenue and $1 million in cash flow per day.
Hackers responsible for breaching MGM Resorts and Caesars Entertainment have also targeted three other companies in the manufacturing, retail, and technology sectors, according to a security executive familiar with the matter.
MGM Resorts International has issued an update stating that their services, including gaming floors and entertainment, are operating normally following a system outage that occurred over a week ago.
MGM Resorts is still facing issues and disarray following a cybersecurity crisis, with ongoing problems including a non-functional mobile app, offline reservations system, and manual transactions.
MGM Resorts has resumed normal operations after a cyberattack, but the incident is negatively impacting its stock.
Five class action lawsuits have been filed against MGM Resorts International and Caesars Entertainment, accusing the companies of failing to protect customers during cyberattacks and violating their trust by not adequately disclosing the breaches and potential vulnerabilities to customers' personal information.
Johnson Controls International, a multinational conglomerate, has suffered a massive ransomware attack that has disrupted its operations and encrypted many of its devices, including VMware ESXi servers, with the Dark Angels ransomware gang demanding a $51 million ransom.
The cyberattack on MGM Resorts in Las Vegas resulted in the company losing approximately $100 million, highlighting the significant financial impact major companies face when targeted by hackers.
MGM Resorts International expects a $100 million hit to its third-quarter results due to a cyberattack that disrupted its operations, with additional costs of less than $10 million; the attack compromised customer data but did not include bank account or payment card information.
Cyberattack on MGM Resorts expected to cost at least $100 million, impacting the company's third-quarter earnings, but cyber insurance is expected to cover the financial impact; personal data of customers, including social security numbers and contact details, was stolen, but no evidence of compromised financial information or passwords; cybercrime group Scattered Spider claimed responsibility for the attack.
Multiple companies, including Johnson Controls, Clorox, and MGM Resorts, have recently experienced significant cybersecurity breaches, resulting in financial losses and operational disruptions, highlighting the ongoing issue of cyberattacks affecting various industries.
The recent data breach at MGM Resorts is projected to cost the casino giant over $100 million, making it potentially the most expensive ransomware attack on record.
MGM Resorts International has disclosed that the cyberattack it experienced in September will cost $100 million and result in adjusted property losses for its Las Vegas Strip Resorts and regional operations. The company will also provide identity protection and credit monitoring services to individuals whose personal information was compromised in the breach.
