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.
Save The Children is an organization that specializes in helping children live healthy lives. The non-profit works in multiple countries, helping to provide for children's needs, especially in areas affected by war or tragedy. This organization was recently the target of a ransomware hacker group and suffered huge data losses as a result of that targeting.
Picture this: Your IT infrastructure is breached by a nefarious actor, who then encrypts critical data and holds your organization hostage until a ransom is paid. Far from hypothetical, this is exactly what happened to multi-billion-dollar casino operator MGM Resorts International last week when hit with a ransomware attack – the latest in a string of large-scale, high-profile cyber security incidents.
The International Joint Commission (ICJ), an organization that handles water issues along the Canada–United States border, was hit by a ransomware attack, the Register reports. The Commission said in a statement, “The International Joint Commission has experienced a cyber security incident.
LockBit is a Ransomware as a Service (RaaS) provider accountable for most LockBit ransomware attacks in 2023. The LockBit RaaS group came into existence in 2019 and has posed great challenges to security experts ever since. A recent report states that LockBit accounted for over one-third of all ransomware attacks in the latter half of 2022 and the initial quarter of 2023.
As the aftermath unfolds, the details around the recent attack on MGM Resorts, providing crucial insight into the attacks impact, who’s responsible, and how it started. On September 11, Las Vegas-based MGM Resorts International reported a cybersecurity “issue” affecting many of the company’s systems.
Four days later, $52 million in lost revenues and counting, a cyber attack on MGM Resorts International, a $14 billion Las Vegas gaming empire with Hollywood-famous hotel spreads like the Bellagio, Cosmopolitan, Excalibur, Luxor, and the MGM Grand itself, had the house brought down by a perfect example of vishing…a 10-minute phone call. Gamblers could not gamble. Guests could not access rooms. Lights went out. Panic set in.
Netskope Threat Labs is tracking a campaign that uses malicious Python scripts to steal Facebook users’ credentials and browser data. This campaign targets Facebook business accounts with bogus Facebook messages with a malicious file attached. The attacks are reaching victims mainly in Southern Europe and North America across different segments, led by the manufacturing services and technology sectors.
