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MGM Resorts admits cyberattack cost $100M in lost profits

MGM Resorts admits cyberattack cost $100M in lost profits

Earlier this year, authorities jailed "junket king" Alvin Chau, who once led an industry that enticed wealthy gamblers from China's mainland with perks like VIP rooms and easy credit, for running an illegal multi-billion-dollar gambling ring. If you cherished this short article and you would like to acquire more facts pertaining to online casino 2024 no deposit bonus kindly check out the web site. The Casino ended on 2004-08-29. The company made the disclosure in a regulatory filing on Thursday evening, nearly a month after hackers caused massive disruptions that froze online booking systems, knocked slot machines offline, and even disabled digital locks on hotel room doors.

With "Westminster" spires looming above and "Big Ben" tolling in the background, university graduate Li Junkai from China's Hebei province tested legalised betting for the first time -- and promptly lost around HK$100 ($13). After the attack last month, videos posted from MGM properties on the Las Vegas Strip, including ARIA and Bellagio, showed painfully long check-in lines, and some slot machines that were knocked offline.

That's in contrast to Caesars Entertainment, which suffered no public disruptions after reportedly paying about $15 million to hackers in a breach last month, believed to have been carried out by the same Russia-linked ransomware gang that struck MGM. The FBI strongly advises against paying ransoms to hackers, warning that bowing to the demands only encourages further attacks. Still, many companies quietly meet ransom demands to avoid business disruptions and negative headlines.

'We also believe a more limited number of Social Security numbers and passport numbers were obtained. We have no evidence that the criminal actors have used this data to commit identity theft or account fraud.'

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