The cybersecurity attack at MGM Resorts last month is expected to cost the casino giant more than $100 million, the Las Vegas-based company says
The cybersecurity attack at MGM Resorts last month is expected to cost the casino giant more than $100 million, the Las Vegas-based company said in a Thursday regulatory filing. The attack, which was detected on Sept. 10, led to MGM shutting down some casino and hotel computer systems at properties across the U.S. in efforts to protect data.
In Thursday's filing with the Securities and Exchange Commission, MGM said it believes that September's cybersecurity attack will have a negative impact on its third-quarter financial results, particularly in Las Vegas — but minimal impact in the fourth quarter and operational results for the year.
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Cyberattack cost MGM Resorts about $100 million, Las Vegas company saysKevin Collier is a reporter covering cybersecurity, privacy and technology policy for NBC News.
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MGM Resorts Refused to Pay Ransom in Cyberattack on CasinosMGM Resorts is continuing to work to resolve issues resulting from a cyberattack that has affected its hotel and casino operations. WSJ columnist Dawn Gilbertson reports from the Las Vegas Strip. Photo composite: Adam Adada
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MGM sees $100 million cost from recent cybersecurity attackCybersecurity insurance likely to cover expenses, MGM says
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MGM Resorts’ Las Vegas choice risks Bud Light-style backlashTarget and Disney also faced boycotts over supporting what right-wing leaders like Ron DeSantis see as a woke cause.
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MGM Resorts acknowledges hackers also stole data in attack that disrupted operationsChristopher Hutton is a technology reporter for the Washington Examiner covering Big Tech companies like Facebook and X as well as the regulatory efforts by Washington to rein in the tech companies. He previously wrote for a number of other outlets, including Daily Dot, Pando Daily, Religion Unplugged, and other outlets. He graduated from Ball State University in 2020 with a master's in sociology. You can find him on X at chris_journo.
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