MGM Resorts International CEO Bill Hornbuckle gave new details about the September cyberattack that crippled his company for nine days and said it would emerge stronger than ever.
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A software analyst said the attacks on MGM Resorts and Caesars Entertainment may embolden hackers to hit other Las Vegas casino operators.
MGM Resorts International expects to lose $100 million in cash flow as a result of a nine-day cyberattack and told customers the company would offer free identity protection and credit monitoring services.
Plaintiffs say Caesars Entertainment and MGM Resorts International failed to protect customer data during attacks revealed this month.
MGM Resorts said the “vast majority” of its offerings were operational after five days of cybersecurity issues believed to be a cyberattack by hackers.
A collaboration of Russian hacker gangs may have been responsible for MGM Resorts’ cybersecurity issue that has plagued the company. MGM is Nevada’s largest employer.
The problem affected credit card transactions and other computerized systems. There were indications that MGM shut down some systems to prevent the matter from becoming worse.
MGM Resorts purchased the Las Vegas Strip hotel-casino from Blackstone last year.
“We’re not in favor of any tax dollars put into this,” said MGM Resorts International CEO Bill Hornbuckle during the company’s earnings call with investors.