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Posts Tagged ‘Cybercrime’

Hotel and casino giant MGM Resorts says the recent hack attack against it cost $110 million in lost revenue and mitigation expenses. The publicly traded company expects to recoup losses and costs to date via cyber insurance. MGM Resorts said that while its investigation remains ongoing, it’s found that on Sept. 11, an attacker stole […]

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The observed attacks, the tech giant says, were fueled by nation-state spying and influence operations, and more than 40% of the observed attacks targeted critical infrastructure organizations. At times, NATO member states were at the receiving end of half of the observed cyberattacks. “While headline-grabbing attacks from the past year were often focused on destruction […]

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Businesses are taking cybersecurity more seriously by boosting resources and preparedness, according to GetApp. US businesses on the whole are gaining ground against cybercriminals after several years of increasingly severe threats, but the Las Vegas cyberattacks are a stark reminder of the cost of a breach. GetApp’s report reveals that the ransomware rate remains alarmingly […]

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