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

Reynolds Alex1 year 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 Thompson1 year 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…

MGM Bounces Back: Restoring Casino Operations After Cyberattack

Reynolds Alex1 year ago011 mins

Cyberattack Strikes MGM Resorts MGM Resorts, one of the largest hotel and casino operators globally, recently fell victim to a devastating ransomware attack. The attack, carried out using the ALPHV encryptor and a social engineering gambit, resulted in the closure of MGM‘s operations, including gaming, for over 10 days. The incident not only disrupted the…

MGM Bounces Back from Cyberattack: Restores Casino Operations in Record Time

Reynolds Alex1 year ago07 mins

Cyberattack on MGM Resorts: Recovery and Lingering Issues The Attack and its Impact MGM Resorts, one of the largest hotel and casino operators in the world, recently suffered a devastating ransomware attack. The attack, which involved the ALPHV encryptor and a social engineering gambit, resulted in the shutdown of operations, including gaming, for over 10…

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

Morgan Sarah1 year 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…

The Expanding Scope of MGM Hackers: Adapting Targets and Profit Schemes

Reynolds Alex1 year ago011 mins

Cybercrime Group Responsible for MGM Hack Expands Targets and Monetization Strategies A financially motivated hacking group, known as UNC3944 or 0ktapus, that was responsible for the recent hack on MGM Resorts, has been widening its scope of targets and diversifying its methods to monetize its activities. The group has targeted at least 100 organizations, primarily…

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

Reynolds Alex1 year 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….

“The Web of Intrigue: Unraveling the ‘Scattered Spider’ Behind MGM Cyberattack”

Patel Maya1 year ago09 mins

The Scattered Spider Cyberattack: A Growing Threat to Global Conglomerates The MGM Resorts Breach and the Rise of Scattered Spider The recent cyberattack on MGM Resorts, which has left the conglomerate’s worldwide network of hotels and casinos offline, has been attributed to a threat group known as Scattered Spider. According to sources familiar with the…