The recent cyberattacks on the gaming industry are — unsurprisingly — one of the most talked about things at a major gathering of gaming industry execs in Las Vegas, as CEOs and regulators highlight the ongoing effort to protect sports betting sites from hackers.
“You don’t wish this on anybody," MGM's CEO said at a gaming conference, where cyberattacks are a major topic of conversation.The recent cyberattacks on the gaming industry are — unsurprisingly — one of the most talked about things at a major gathering of gaming industry execs in Las Vegas, as CEOs and regulators highlight the ongoing effort to protect
While MGM has insurance for such incidents, the $100-million or so hit to earnings is substantial, and similar attacks are a concern that all companies in the gaming and sector face. At G2E, the specter of cyberattacks was talked about early and often by executives and regulators, who also took strides to explain what they are doing to combat the threat.
Churchill Downs Inc. CEO Bill Carstanjen said they started seeing attacks on its TwinSpires online business a few years ago. However, he added that the industry is seeing “increasingly effective” social engineering attempts, where hackers try to gain entry to systems through human mistake.
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