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MGM Resorts Expects $100 Million Loss From Hack Attack

06
Oct
2023
MGM Resorts Expects $100 Million Loss From Hack Attack

image credit: pixabay

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 information that dates from before March 2019. Exposed data includes some customers’ name, contact information, gender, date of birth and driver’s license number, as well as Social Security or passport numbers.

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