MGM Resorts International is experiencing a cybersecurity issue that could potentially be a ransomware attack, resulting in loss of money and damage to the company's reputation, but it is yet to be confirmed.
Hackers known as Scattered Spider have demanded a ransom from MGM after hacking the company and causing disruptions, and it is believed that the same group hacked Caesars before, receiving a large sum of money as ransom; these hackers are known for their aggressive tactics and have been involved in compromising at least 60 entities worldwide.
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.
The Scattered Spider hacking group has claimed to have stolen six terabytes of data from casino operators MGM Resorts International and Caesars Entertainment, but has no plans to make the data public or demand ransom.
A ransomware group claims to have compromised all Sony systems and is threatening to sell the data if a buyer isn't found by September 28th, 2023.
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.
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.
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 did not pay the ransomware attackers who breached its systems, resulting in the shutdown of hotels and casinos, with customer data including personal information potentially compromised, although no passwords, bank account numbers, or card details were believed to have been stolen.
More than half of organizations are paying over $100,000 in ransomware attacks, with 83% admitting to paying the ransom directly to the hackers, according to a Splunk study, which also revealed concerns about the potential for generative AI to facilitate attacks.
