Las Vegas Casinos Roll Dice on Cybersecurity: Big Winners and Even Bigger Losers
In a high-stakes game of cyber poker, MGM and Caesar Entertainment faced off against the same cybercrime group. Caesar’s paid the ransom, MGM didn’t. Like a bet gone wrong, MGM’s refusal cost them a cool $100 million, proving that “Ransomware attacks on casinos” can be as unpredictable as a Vegas slot machine.
Hot Take:
When your Vegas getaway turns into a cyber nightmare, you know you're not in Kansas anymore, Toto! Two prestigious Las Vegas casinos, Caesar Entertainment and MGM Resorts, suffered cyberattacks this summer, courtesy of the same cybercrime group. The intriguing part? One paid the ransom, the other didn't. The results were as varied as the slot machines on their floors. While Caesar's seemed to get off relatively unscathed, MGM reportedly lost a whopping $100 million. Talk about a bad roll of the dice!Already a member? Log in here