The cybersecurity attack at MGM Resorts last month is expected to cost the casino giant more than $100 million, the Las Vegas-based company says.
The exterior of the MGM Grand hotel-casino is pictured on Wednesday, Sept. 20, 2023, in Las Vegas. The cybersecurity attack at MGM Resorts last month is expected to cost the casino giant more than $100 million, the Las Vegas-based company said in a Thursday, Oct. 5, regulatory filing. last month is expected to cost the casino giant more than $100 million, the Las Vegas-based company said in a Thursday regulatory filing.
“While we experienced disruptions at some of our properties, operations at our affected properties have returned to normal, and the vast majority of our systems have been restored,” MGM CEO Bill Hornbuckle said in a Thursday letter to customers. “We also believe that this attack is contained.” MGM has “no evidence” that the hackers and criminal actors have used this data to commit account fraud or identity theft Hornbuckel said, noting that the company will also reach out to impacted consumers via email and offer free identity protection and credit monitoring services. “We regret this outcome and sincerely apologize to those impacted," he added.
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