Advertiser & Editorial Disclosure: The Bulkhead Seat earns an affiliate commission for anyone approved through the links below. This compensation may impact how and where links appear on this site. We work to provide the best publicly available offers to our readers. We frequently update them, but this site does not include all available offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed, or approved by any of these entities.
MGM Resorts suffered a cyber attack a few days ago that has shut down virtually all of the systems used at its properties across the United States. The company’s email, restaurant reservations, hotel booking system, digital room keys, and gaming machines remain offline.
Hey! MGM Resorts is:
"working diligently"
Is that code for something?*#MGMoutage*yes, I feel horrible for the "front line" employees; this cannot be enjoyable. But will senior management truly be accountable? Someone should really consider some reputational "damage… https://t.co/dtBUt7KBcW
— ᴛʀᴀᴠᴇʟᴢᴏʀᴋ (@TravelZork) September 14, 2023
Today marks the third day since the cyber attack. I cannot imagine how frustrating it must be for employees and guests in Las Vegas this week.
How MGM's System Hack Is Affecting Bellagio Right Now pic.twitter.com/dJKMUOvboX
— Jacob Orth (@JacobsVegasLife) September 13, 2023
Videos posted to social media show guests lined up for hours to check in to Las Vegas hotels.
A Russian-linked hacker gang known as “Blackcat” has claimed responsibility for the cyberattack on MGM Resorts.
"All the ransomware group did to compromise MGM Resorts was hop on Linkedln, find an employee, then call the Help Desk", the group said. pic.twitter.com/35JoLcrTCT
— Las Vegas Issues (@VegasIssues) September 13, 2023
A Russian-linked hacker gang known as Blackcat is taking responsibility for the attack. It’s incredible how easily they gained access to MGM’s systems.
MGM Resorts has been hit with a cyber security attack. Everything from gaming machines to hotel communications have mostly been inoperable for four days now. pic.twitter.com/88zTqb2piU
— Las Vegas Issues (@VegasIssues) September 13, 2023
MGM’s shares have declined more than 6% since Monday. CNBC is reporting that MGM filed an 8-K report today with the Securities and Exchange Commission (SEC) noting that the company issued a press release “regarding a cybersecurity issue involving the Company.” 8-Ks are generally filed when publicly traded companies want to notify the SEC of an event that can have a material effect on the business. The financial impact is going further than the stock price with Moody’s warning that the cyberattack could negatively affect MGM’s credit rating as well.
Anthony’s Take: It’s scary how easily this group hacked MGM Resorts and it has yet to be revealed what personal information has been exposed for hotel guests and casino patrons. MGM suffered a data breach in 2020 that exposed the personal data of over 10 million customers. This is still developing and will hopefully be resolved and back online soon.
User Generated Content Disclosure: The Bulkhead Seat encourages constructive discussions, comments, and questions. Responses are not provided by or commissioned by any bank advertisers. These responses have not been reviewed, approved, or endorsed by the bank advertiser. It is not the responsibility of the bank advertiser to respond to comments.
Advertiser & Editorial Disclosure: The Bulkhead Seat earns an affiliate commission for anyone approved through the links above This compensation may impact how and where links appear on this site. We work to provide the best publicly available offers to our readers. We frequently update them, but this site does not include all available offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed, or approved by any of these entities.