MGM Resorts Hit With $100M Cost From Data Breach; Guest Info Stolen But No Financial Data Compromised

MGM Resorts says cyberattack to cost it at least $100 million
Attack to substantially impact Q3 earnings, minimal impact to Q4
$10 million spent on one-time expenses like legal fees
Cyber insurance policy expected to cover financial impact
Room occupancy levels returning to near-normal in Oct/Nov
Most guest-facing systems restored, final fixes still ongoing
Personal customer data including SSNs was stolen
No evidence financial info like card numbers compromised
Notifying affected customers, offering credit monitoring
Took steps to protect systems, working with cyber experts