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.
With many computer systems still down a week after the attack began, the company has no update on a return to normal operations.
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.
An expert in cybersecurity says it’s too early to speculate whether MGM Resorts International was the victim of hackers in a ransomware attack but there are numerous clues indicating it was.
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.
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