{"id":2058426,"date":"2023-10-06T18:39:02","date_gmt":"2023-10-06T22:39:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cyberattack-at-mgm-resorts-reportedly-costing-casino-giant-100m\/"},"modified":"2023-10-06T18:40:45","modified_gmt":"2023-10-06T22:40:45","slug":"cyberattack-at-mgm-resorts-reportedly-costing-casino-giant-100m","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cyberattack-at-mgm-resorts-reportedly-costing-casino-giant-100m\/","title":{"rendered":"MGM Resorts allegedly loses $100M due to cyberattack."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcyberattack-at-mgm-resorts-reportedly-costing-casino-giant-100m%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2058426&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Exterior photo of the \u2062MGM Grand Hotel\/Casino February 2, 2006 in Las Vegas, Nevada.  (Photo by Ethan Miller\/Getty Images)<\/figcaption><\/figure>\n<h2>OAN\u2019s <a href=\"https:\/\/www.oann.com\/tag\/james-meyers\">James Meyers<\/a><br \/>3:24 PM \u2013 Friday, October 6, 2023<\/h2>\n<p>The recent cyberattack on multiple casinos across several states has left these establishments reeling, with losses amounting to millions of dollars.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-2\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-2'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>In a regulatory filing on Thursday, MGM Resorts revealed that the cyberattack had cost the company over $100 million.<\/p>\n<p>On September 10<sup>th<\/sup>, \u200bthe attack forced MGM to shut down their casino and hotel computer systems nationwide in order to safeguard their data.<\/p>\n<p>Customers\u2062 in Las Vegas and other states experienced disruptions, with <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cyberattack-at-mgm-resorts-reportedly-costing-casino-giant-100m\/\" title=\"MGM Resorts allegedly loses 0M due to cyberattack.\">social media posts showing error\u200d messages<\/a> on slot machines and long queues at hotels. The cyberattack finally came to an end on September 20<sup>th<\/sup> after\u200d a 10-day shutdown.<\/p>\n<p>A hacking group known as AlphV claimed responsibility for the attack, allegedly collaborating with another group called\u200c Scattered Spider to\u200d breach MGM&#8217;s systems and steal data for extortion purposes.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cWhile we experienced disruptions at some of our properties, operations at our affected \u2064properties\u200b have returned to normal, and the \u200dvast majority of \u200dour systems have been restored,\u201d reassured MGM CEO Bill Hornbuckle in a letter \u200cto customers. \u201cWe also believe that this attack is contained.\u201d<\/p>\n<\/blockquote>\n<p>Hornbuckle further stated that no customer bank account numbers\u200b or credit card information had been compromised. However, the hackers did manage to \u200bobtain other personal details such as names, \u2063driver\u2019s license numbers, contact information, passport numbers, and Social Security numbers of some customers who had engaged with MGM prior to March 2019.<\/p>\n<p>MGM \u200dhas found no\u2062 evidence of\u2062 the hackers using this data for account fraud or identity theft. The company \u200chas reached out to affected customers\u2062 via email, offering free identity protection \u200cand credit monitoring services. \u201cWe regret this outcome and sincerely apologize to those impacted,\u201d added Hornbuckle.<\/p>\n<p>Furthermore, MGM anticipates a negative impact of nearly $100 million on its adjusted property core profit for its Las Vegas division due to the breach.\u2063 Occupancy rates for October are expected to be at 93%, compared to 94% in the same month last year.<\/p>\n<p>The company, however, remains optimistic about the fourth quarter, with record results expected in \u2062November thanks to the Formula 1 racing event on the Las\u200c Vegas Strip.<\/p>\n<p>Stay informed! Receive breaking news blasts directly to your inbox for free. Subscribe\u200d here. <a href=\"https:\/\/www.oann.com\/alerts\">https:\/\/www.oann.com\/alerts<\/a><\/p>\n<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>In a surprising \u2062turn of events, President Joe Biden has decided to continue the construction of former President\u200b Donald Trump&#8217;s border wall, despite previously vowing not to do so.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Check out the latest \u2064song by artist Jimmy Levy titled &#8220;Freedom.&#8221;<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Congressman Mike Collins reveals that Georgia&#8217;s new Prosecuting Attorneys Qualifications Commission may take action to remove Fulton County District Attorney Fani Willis.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The September jobs report shows\u2064 a positive trend, with the addition \u200bof 336,000 jobs, surpassing expectations of 170,000.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Lawmakers are pressuring Joe Biden&#8217;s administration to restrict American companies from participating in freely available chip technology widely used in China.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>OpenAI \u2063is considering the development of its own\u2063 artificial intelligence chips and \u2064is evaluating potential acquisition targets.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>South Korea&#8217;s telecommunications regulator accuses Google and\u2064 Apple of abusing their dominant positions in the app market.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The U.S. Securities and Exchange Commission is investigating billionaire Elon Musk&#8217;s 2022 \u200bacquisition\u2063 of social media giant Twitter.<\/p>\n<\/p><\/div>\n<p> rnrn  <\/p>\n<h2> How does the MGM Resorts cyberattack highlight the need for organizations to prioritize cybersecurity and what measures is MGM taking \u200bto\u2063 prevent similar incidents in the future<\/h2>\n<p><span>  \u200cFrom trusted \u2064sources. Sign up for OAN&#8217;s newsletter <a href=\"https:\/\/www.oann.com\/newsletter\/\">here<\/a> \u200d to stay\u2063 updated.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Interior photo of the \u2062MGM Grand \u200cHotel\/Casino in Las Vegas, Nevada. <\/figcaption><\/figure>\n<h2>  The\u200c Devastating Cyberattack on MGM Resorts<\/h2>\n<p>The recent \u2062cyberattack on MGM Resorts has sent shockwaves throughout the industry, leaving\u200c the company and its\u200c customers \u200bgrappling with \u2062its severe repercussions. With losses exceeding $100\u200c million, this attack serves as a\u2062 stark \u200breminder of the importance of\u2063 robust cybersecurity measures in the digital age.<\/p>\n<p>The attack, which occurred on September 10th, \u2062prompted MGM to take\u2064 immediate action by shutting down\u2063 its casino and\u2064 hotel computer systems nationwide. This decision\u200c was taken to \u200bensure the protection of sensitive data and mitigate \u2062any further damage. As a\u200c result, customers in \u2062Las Vegas and \u2062various other \u200cstates experienced disruptions, with reports of\u200d error \u2064messages on slot machines and\u2063 long \u2063queues \u200dat hotels spreading like wildfire on social media.<\/p>\n<p>After a relentless 10-day shutdown, the cyberattack finally\u2062 ceased on September 20th. During this period, a hacking group known as AlphV collaborated \u2062with another group called Scattered Spider to breach MGM&#8217;s systems and\u200c steal data for extortion purposes. The targeted information included\u2063 names, driver&#8217;s license numbers, contact information, \u2064passport numbers, and Social Security numbers of certain customers who had engaged with MGM prior to March 2019.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>&#8220;While we experienced\u2062 disruptions \u200dat some of our properties, operations at our affected properties have returned to normal, \u200band the vast majority\u200c of our systems \u2064have been restored,&#8221; reassured MGM CEO Bill Hornbuckle \u2062in a letter to\u200c customers. &#8220;We \u2064also \u200cbelieve that this attack is contained.&#8221;<\/p>\n<\/blockquote>\n<p>Hornbuckle emphasized that no \u200ccustomer bank account\u200b numbers or\u200b credit card information had been \u2064compromised. However,\u2062 the breach of personal details is still a matter of concern. In response, MGM\u2064 has\u2064 taken swift action to address the issue, reaching out to affected customers via email\u2062 and offering free identity protection and\u2062 credit monitoring services. The company&#8217;s commitment to rectifying the\u200c situation is highlighted\u2064 by Hornbuckle&#8217;s apology to those \u2063impacted by this data breach.<\/p>\n<p>Aside \u2064from the reputational damage caused \u200cby the cyberattack, MGM anticipates a negative impact\u200b on its financial\u2062 performance. The company expects a loss of\u2062 nearly\u2062 $100 million\u200d on its adjusted property core profit for\u200b its Las Vegas division. Occupancy rates for October\u200c are also projected to dip slightly, from 94% in the same month last year to 93% this year.<\/p>\n<p>Nevertheless, MGM remains optimistic about the future, expressing \u200cconfidence in the fourth quarter&#8217;s potential success. The Formula 1 racing event scheduled to take place on the Las Vegas Strip in November is expected to generate record-breaking results for the company.<\/p>\n<p>Cybersecurity continues to be a\u200c top priority for organizations worldwide, as\u2064 these attacks serve as stark reminders of \u200dthe potential\u2064 consequences of insufficient protection. The MGM Resorts \u2063incident underscores the need for constant vigilance and investment in cutting-edge security measures to safeguard sensitive data against ever-evolving\u200b cyber threats.<\/p>\n<p>Moving forward, MGM Resorts has vowed to strengthen its cybersecurity protocols, collaborating with industry experts to prevent similar \u2064incidents in the future. By learning from this attack and implementing robust security measures, MGM aims to rebuild customer \u200btrust and ensure \u200dthe safety of their personal information.<\/p>\n<p>As cyberattacks become \u2064increasingly prevalent, it is imperative for organizations to remain proactive and prioritize cybersecurity. By investing in\u200b advanced technology, employee training, and \u2064regular security \u200daudits,\u200c companies can \u200dbuild a resilient \u2062defense system that can withstand\u2063 even\u200b the most \u200dsophisticated cyber \u2063threats.<\/p>\n<p>The \u2062MGM Resorts cyberattack \u2062serves as a wake-up call for both the industry and consumers alike. With cybersecurity breaches \u200cbecoming more frequent and detrimental, it is crucial for everyone to remain \u200dvigilant, stay informed, and advocate for\u2063 stronger security measures to protect our digital \u2062lives.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/div>\n<p><\/body><\/p>\n<p><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>reported that the recent cyberattack on multiple casinos across several states resulted in significant financial losses, amounting to millions of dollars. The attack, which took place last month, has had a detrimental impact on the affected establishments, according to a regulatory filing made by MGM Resorts on Thursday.<\/p>\n","protected":false},"author":2301,"featured_media":2058427,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2058426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2058426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2301"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2058426"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2058426\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2058427"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2058426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2058426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2058426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}