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Casino giant MGM expects $100 mln hit from hack that led to data...

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작성자 Pat
댓글 0건 조회 19회 작성일 24-08-29 14:45

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The company expects the breach will have a negative impact of about $100 million to its adjusted property core profit for its Las Vegas Strip division, and expects total occupancy of 93% this October versus 94% in the same month a year ago. Sources earlier told Reuters AlphV worked with another outfit named Scattered Spider to break into MGM systems and steal data to hold for extortion. A hacking group named AlphV claimed it was involved in the breach.

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The MGM data breach, which the FBI is investigating, is a vivid example of how large organizations remain vulnerable to cybercrime. Analysts who have tracked Scattered Spider say more and more organizations have been falling for the group's skilled social engineering schemes. (Reporting by Zeba Siddiqui in San Francisco and Shivansh Tiwary in Bengaluru; Editing by Shilpi Majumdar and Tom Hogue) 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.

One of the world's largest gambling firms, MGM shut down its systems after detecting the attack to contain damage, it said. It expects to also incur less than $10 million as a related one-time cost in the quarter ended on Sept. Lastly, use the tips above to make the most out of your gaming experience. Additionally, when taking up these bonuses, keep in mind that there are advantages and disadvantages associated with them, so it's important to understand them before making a decision.

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