Employees are now fearful that they will not be paid on Friday and due to the company’s size. Casino gambling, the mainstay cash cow of Las Vegas, has been disrupted at affected resorts. Frustrated guests of MGM hotels have posted videos on TikTok showing long lines of customers trying to check in and out of their rooms. The credit rating agency Moody’s warned that the cyberattack could negatively affect MGM’s credit rating, saying the attack highlighted “key risks” within the company. The company’s corporate email, restaurant reservation and hotel booking systems remain offline as a result of the attack, as do digital room keys. MGM said that the a cyberattack represents a material risk to the company. What happened, and what can businesses learn from this? The Extent of the MGM Ransomware AttackĪs of this writing, the Bellagio, Excaliber, Luxor, and possibly more hotels have been brought to a standstill. In an instant, Sin City was turned into Panic City.

The company’s IT systems were breached by a social engineering hack. This time, the victim was MGM Resorts, which owns 31 casinos such as the Bellagio, Excaliber, and the Luxor in Las Vegas. Hackers pulled off a malicious attack using one of the oldest techniques in the book. Another major corporation has been victimized by a crippling ransomware attack that has disrupted customer service and cost the business incalculable damage to its reputation – and to its bottom line.

Casino hacked by fish tank