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.
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.
The Nevada Gaming Control Board is monitoring a cyber attack on MGM Resorts, which has impacted the experience for casino visitors for three days.
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.
Hackers stole customer data from the loyalty program of Caesars Entertainment through a social engineering attack, highlighting cyber threats faced by the Las Vegas hospitality and casino industry; meanwhile, MGM Resorts is recovering from its own cyberattack.
MGM Resorts could be losing up to $8.4 million a day following a cyberattack, as disruptions at their hotels and casinos continue to affect their computer systems and financial operations.
MGM Resorts has resumed normal operations after a cyberattack, but the incident is negatively impacting its stock.
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.
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.
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.