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.

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