- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2023-10-06T17:38:00
MGM Resorts International said it expects to take a $100 million hit as part of the fallout of a cyberattack that has most significantly impacted its Las Vegas operations.
MGM first acknowledged detection of the issue in a press release last month. On Thursday, the company disclosed in a regulatory filing it “shut down its systems to mitigate risk to customer information, which resulted in disruptions at some of the company’s properties but allowed the company to prevent the criminal actors from accessing any customer bank account numbers or payment card information.”
MGM said some personal information was breached for business conducted prior to March 2019, including names, phone numbers, email and postal addresses, genders, dates of birth, and driver’s license numbers. For a limited number of customers, Social Security numbers and passport numbers were also obtained.
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2023-10-05T19:58:00Z By Adrianne Appel
The timing of a recent cyberattack against Clorox juxtaposed against the Securities and Exchange Commission’s adoption of its cybersecurity incident disclosure rule soon to take effect has presented a case study regarding how companies might seek to meet the requirements of the rule.
2023-09-07T13:21:00Z By Neil Hodge
Companies that think paying reduced ransomware demands would be a better move than informing regulators of a data breach and facing enforcement are playing with fire, according to experts.
2023-08-25T13:40:00Z By Adrianne Appel
Businesses can prepare for the Securities and Exchange Commission’s upcoming cybersecurity disclosure rule by going through it and identifying key gaps in compliance.
2025-04-08T16:47:00Z By Aaron Nicodemus
The U.K. government wants directors and boards of directors to become more actively involved in cybersecurity risks facing public and private companies, as the world faces “alarming” threats from criminal gangs and malicious nation-states. Though many organizations take cybersecurity seriously, the U.K. government says they do not place management of ...
2025-03-28T14:22:00Z By Thomas Graham, CW guest columnist
Many small organizations within the Defense Industrial Base are struggling to meet the rigorous requirements validated through the Cybersecurity Maturity Model Certification, writes Thomas Graham, CISO at Redspin. If you haven’t been tracking it closely, CMMC was finalized in October, with an effective date of December 16, 2024.
2025-02-10T15:27:00Z By Rezaul Karim, CW guest columnist
The dark web has been depicted as a long-standing hub for crimes, where illegal activities such as drug dealing, financial fraud, weapon sales, murder for hire, stolen credit cards, and ransomware gags are easily accessible to the public.
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