MGM Recovers in the Wake of a Devastating Cyberattack

MGM Resorts International recently experienced a cybersecurity issue that caused it to temporarily shut down computers and websites. The company has announced that its properties are now operating normally and its employees are ready to assist guests with any intermittent issues. Reservations booked between September 13 and 24 can be canceled or changed without any fees. However, certain loyalty program functionalities may still be unavailable. The online reservation system is currently down, so customers are advised to book reservations by phone. MGM Resorts did not provide a timeframe for when these offerings will be available again.

MGM Resorts was targeted by a cyberattack that involved social engineering to gain access to valuable company data. Moody’s has warned the company about the potential lowering of its credit rating due to the attack. Caesars Entertainment, a rival company, also fell victim to hackers around the same time. It was reported that Caesars Entertainment had to pay a ransom to secure its business.

Identity management specialist Okta confirmed that the cyberattack was carried out by the ALPHV and Scattered Spider groups, who are likely working together. Okta also revealed that three other companies were affected by the same cyberattacks. In addition, the online crypto betting platform was targeted by the Lazarus Group, a North Korea-backed group, resulting in the theft of millions of dollars in cryptocurrencies.