🔮 Better than the Oracle? Our Fair Value found this +42% bagger 5 months before Buffett bought itRead More

MGM Resorts says regulators probing September cyberattack

Published 02/23/2024, 08:46 AM
Updated 02/23/2024, 04:56 PM
© Reuters. An exterior view of MGM Grand hotel and casino, after MGM Resorts shut down some computer systems due to a cyber attack in Las Vegas, Nevada, U.S., September 13, 2023. REUTERS/Bridget Bennett/File Photo
MGM
-

(Reuters) -MGM Resorts International disclosed that state and federal regulators were probing a cyberattack on its systems that took place in September and caused a $100 million hit to the company's third-quarter results.

The casino operator intends to respond to the inquiries in due course, a regulatory filing by MGM showed on Friday.

The Federal Bureau of Investigation (FBI) said in September it was investigating the attack on MGM that had led MGM to shut down its systems after queues piled up at Las Vegas hotels and slot machines began showing error messages.

Hacking group AlphV has claimed involvement in the breach.

Sources told Reuters in September that AlphV worked with another outfit named Scattered Spider to break into MGM systems and steal data to hold for extortion.

© Reuters. An exterior view of MGM Grand hotel and casino, after MGM Resorts shut down some computer systems due to a cyber attack in Las Vegas, Nevada, U.S., September 13, 2023. REUTERS/Bridget Bennett/File Photo

Scattered Spider was also behind a cybersecurity incident at Caesars (NASDAQ:CZR) Entertainment where many of its loyalty program members' data, including their driver's license and social security number, was compromised, the company disclosed in September.

Caesars had also received inquiries from state regulators regarding the attack, it said in a quarterly regulatory filing in October.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.