Cyberattack cost MGM Resorts about $100 million, Las Vegas company says
MGM Resorts, the Las Vegas-based hotel and casino operator, has disclosed that it suffered a “cyber-attack” that cost the company about $100 million after hackers successfully accessed certain of its data.
The incident, which MGM only acknowledged earlier this month, took place in February 2020 and involved “unauthorized access to certain information about past guests and employees” stored on its computer system. MGM has since notified guests and employees who may have had their information accessed, and also filed a breach disclosure in compliance with certain state regulations.
The company is working with legal and IT experts to assess the scope of the attack and is providing affected guests and employees with additional protections and resources. MGM is also investing in additional security technology and monitoring controls to help prevent and mitigate the risks of similar incidents.