Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account MGM said it is “well-positioned” to have a strong fourth quarter with record results in November, driven mainly by a Formula One racing event slated to take place in Las Vegas. “Virtually all of the Company’s guest-facing systems have been restored,” it said, adding that it expects no impact on its full-year results from the breach.

The company expects the breach will have a negative impact of about $100 million to its adjusted property core profit for its Las Vegas Strip division, and expects total occupancy of 93% this October versus 94% in the same month a year ago. “The full scope of the costs and related impacts of this issue has not been determined,” MGM said in a regulatory filing. MGM said the hackers did not obtain any customer bank account numbers or payment card information, and that no data from its luxury resort hotel The Cosmopolitan of Las Vegas was breached.

The MGM data breach, which the FBI is investigating, is a vivid example of how large organizations remain vulnerable to cybercrime. Hackers often hold stolen data for ransom and may also leak it to public forums or sell it to other cybercriminals. “We have no evidence that the criminal actors have used this data to commit identity theft or account fraud.” “We also believe a more limited number of Social Security numbers and passport numbers were obtained,” it said. Bridget Bennett/Bloomberg/Getty ImagesĬaesars and MGM grapple with hacks as cybersecurity in Vegas is under scrutiny is scheduled to release earnings figures on August 1.

Caesars Palace hotel and casino in Las Vegas, Nevada, US, on Friday, July 28, 2023.

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