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Attackers Targeting Luxury Hotels: Examining the MGM and Caesar’s Incidents

Reynolds Alex10 months ago08 mins

Cyberattack on Hospitality Industry Continues with Sophisticated Phishing Campaign Introduction The hospitality industry continues to be targeted by cybercriminals, with a new phishing campaign aimed at spreading info-stealing malware. This campaign, discovered by researchers at Cofense Intelligence, utilizes social-engineering tactics similar to those seen in the recent cyberattacks on MGM Grand and Caesars. The attackers…

MGM and Caesars face tough decisions in responding to cyberattacks

Emma Thompson10 months ago010 mins

Twin Cyberattacks on MGM Resorts and Caesars Entertainment Highlight Contrasting Incident Response Strategies The Background Twin cyberattacks on MGM Resorts and Caesars Entertainment have shed light on the divergent approaches organizations take when faced with similar threats. Both companies fell victim to a Scattered Spider/ALPHV cyberattack, but Caesars chose to negotiate with the attackers and…

Navigating the Regulatory and Legal Quagmire: MGM and Caesars Seek Solutions Following Cyber Incidents

Morgan Sarah10 months ago09 mins

The Interpretation and Implementation of SEC Cyber Incident Disclosure Rules Introduction In the wake of the new Securities and Exchange Commission (SEC) regulatory requirements to disclose “material” cyber incidents within four days of discovery, the recent cyber breaches of MGM Resorts and Caesars Entertainment have highlighted the differing interpretations of these rules. Both breaches involved…

Cybersecurity Incidents Shake MGM and Caesars: A Deep Dive into the SEC Disclosures

Reynolds Alex11 months ago010 mins

Ransomware Attacks on MGM Resorts and Caesars Entertainment Prompt SEC Disclosures The Background Last March, the Security and Exchange Commission (SEC) implemented new rules requiring publicly traded companies to promptly report any “material” cybersecurity incidents. Recently, both MGM Resorts and Caesars Entertainment have filed disclosures with the SEC following ransomware attacks on their casino empires….