MGM Resorts admits cyberattack cost $100M in lost profits

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’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.’ 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 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.

Still, many companies quietly meet ransom demands to avoid business disruptions and negative headlines. The FBI strongly advises against paying ransoms to hackers, warning that bowing to the demands only encourages further attacks.

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