Security News > 2023 > October > MGM Resorts says ransomware attack cost $100 million, data stolen
MGM Resorts reveals that last month's cyberattack cost the company $100 million and allowed the hackers to steal customers' personal information.
In addition to losing $100 million in earnings, MGM also suffered less than $10 million in one-time expenses for risk remediation, legal fees, third-party advisory, and incident response measures.
Overall, MGM asserts that the financial impact will be predominantly confined to Q3 2023 and does not anticipate any significant effect on its annual financial performance.
MGM Resorts believes that the incident has been contained, and all of their guest-facing systems have now been fully restored, with any remaining systems in offline status expected to resume normal operations in the coming days.
MGM is also warning that the threat actors managed to steal the personal information of customers who transacted with MGM before March 2019.
MGM casino's ESXi servers allegedly encrypted in ransomware attack.
News URL
Related news
- NoName ransomware gang deploying RansomHub malware in recent attacks (source)
- Port of Seattle hit by Rhysida ransomware in August attack (source)
- AutoCanada says ransomware attack "may" impact employee data (source)
- Microsoft Identifies Storm-0501 as Major Threat in Hybrid Cloud Ransomware Attacks (source)
- Embargo ransomware escalates attacks to cloud environments (source)
- JPCERT shares Windows Event Log tips to detect ransomware attacks (source)
- Ransomware attack forces UMC Health System to divert some patients (source)
- Underground ransomware claims attack on Casio, leaks stolen data (source)
- Casio confirms customer data stolen in a ransomware attack (source)
- Schools bombarded by nation-state attacks, ransomware gangs, and everyone in between (source)