Company
Date Published
Author
Santerra Holler
Word count
790
Language
English
Hacker News points
None

Summary

MGM Resorts International and Caesars Entertainment have recently experienced major cybersecurity breaches, with MGM's breach impacting digital systems such as hotel room keys to slot machines, and Caesars' breach resulting in the theft of information from over 1 million Maine residents. The breaches are believed to be the work of a Russia-based ransomware group called ALPHV, which uses social engineering tactics to gain access into organizations. These breaches have resulted in significant financial losses for the companies, as well as reputational damage. Gaming companies and casino giants are likely to continue being targeted by threat actors due to the lucrative nature of these attacks. To prevent such breaches, organizations should conduct tabletop exercises to test their response plans, examine business operations to make it harder for attackers to gain access, and utilize security testing and research communities like Bugcrowd to identify vulnerabilities before they can be exploited.