Casino giant MGM expects $100 million hit from hack that led to data breach
www.reuters.com
MGM Resorts International said on Thursday a cyberattack last month that disrupted its operations would cause a $100 million hit to its third-quarter results, as it works to restore its systems.
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    Oct 5 (Reuters) - MGM Resorts International (MGM.N) said on Thursday a cyberattack last month that disrupted its operations would cause a $100 million hit to its third-quarter results, as it works to restore its systems.

    After the attack last month, customers posted social media images showing slot machines with error messages and queues at hotels in Las Vegas.

    Sources earlier told Reuters AlphV worked with another outfit named Scattered Spider to break into MGM systems and steal data to hold for extortion.

    The private data of customers who used MGM services before March 2019, including contact information, gender, date of birth and driver’s license numbers, was breached, the company said.

    MGM said the hackers did not obtain any customer bank account numbers or payment card information, and that no data from its luxury resort hotel The Cosmopolitan of Las Vegas was breached.

    MGM said it is “well-positioned” to have a strong fourth quarter with record results in November, driven mainly by a Formula One racing event slated to take place in Las Vegas.

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