An account takeover attack is a form of identity theft in which a cybercriminal takes over someone else’s online account. Cybercriminals steal a victim’s login credentials without them knowing through methods such as brute force attacks and phishing. Once the cybercriminal gains access to a victim’s account, they change the login credentials to prevent the victim from logging back in.
The recent cyberattack on MGM Resorts International has raised serious concerns about the security of sensitive data and the vulnerabilities organizations face in today’s digital landscape. In this blog post, we will dive into the details of the attack based on the information currently available, analyze its root causes and discuss key takeaways to help organizations strengthen their security posture.
Malicious packages consist of software embedded with code that is capable of causing harm to an entire system or network. This is a rapidly growing threat affecting open-source software and the software supply chain. This attack method has seen a nearly 12,000% increase from 2022 to 2023, as reported by Synk. Some reasons include its technical feasibility, the potential for high returns, and the widespread distribution of open-source offerings, Common types of malicious packages encompass.
The latest MGM Resorts ransomware attack demonstrates why cyber insurance is critical as part of a multi-layered security strategy. In our last blog, we discussed the recent Las Vegas cyber incidents and how no organization is completely safe. The original cyber incident at MGM Resorts occurred on September 10, 2023 — nearly two weeks ago now – and the company and its valued customers are still feeling its effects.
