Data Breach News, Legal News, News
April 15, 2024
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MGM Resorts Sues the Federal Trade Commission to Limit Investigation into 2023 Data Breach

Although the Federal Trade Commission (FTC) has the authority to investigate data breaches, some entities they have investigated have pushed back against the regulator. In 2013, FTC filed a complaint against LabMD for allegedly failing to protect consumer’s data. When the government found for itself in a proceeding by an administrative law judge, LabMD sued […]

Data Breach News, News
October 04, 2023
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Clorox Security Breach Linked to Group Behind Casino Hacks

Bloomberg reports that “Scattered Spider” may also be responsible for the recent attack on Clorox: A notorious group of hackers blamed for recent breaches on major casino companies is also suspected of being behind a recent cyberattack against Clorox Co. that has led to a nationwide shortage of its cleaning products. Officials suspect that “Scattered Spider” is […]

Insurance News
September 26, 2023
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MGM and Caesars have big cyberinsurance policies, but small businesses need cyberinsurance too

At least five class-action lawsuits were filed last week against the two Las Vegas entertainment giants following data breaches reportedly by the same group of threat actors. As Digital Insurance reports, Okta, an identity and access management company used by both firms, issued an advisory in August about hackers tricking IT service staff into resetting […]

Cyberattack, Data Breach News, News
September 25, 2023
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Twin cyberattacks but different incident responses: Comparing MGM Resorts and Caesars

As an article in DarkReading highlights, it’s tempting to compare the incident responses by MGM Resorts and Caesars Entertainment to their recent cyberattacks because both are the same kind of entity and both were victims of the same threat actors (Scattered Spider/AlphV). But: Caesars quickly negotiated with the cyberattackers, and handed over a $15 million ransom payout, which […]

Data Breach News, News
September 18, 2023
710 views 3 mins 0

Analyst: MGM losing $4.2M-$8.4M a day because of cyberattack

MGM Resorts International could be losing between $4.2 million and $8.4 million in daily revenue and around $1 million in cash flow every day it’s under a cyberattack, a gaming industry analyst said in a Sunday report to investors. David Katz, an equity analyst with New York-based Jefferies Group, in a weekly report on gaming, […]