MGM Resorts Suffers $100M Loss in Cyberattack Fallout

MGM Resorts International has disclosed that the cyberattack it experienced in September will cost the company $100 million, with additional expenses for technology consulting services and legal fees. While the attack caused disruptions and impacted occupancy rates, the company expects a rebound in November, driven by the Las Vegas Grand Prix. Although customer passwords and payment card information were not compromised, personal information such as names, contact details, and Social Security numbers of some individuals were accessed. MGM Resorts will provide identity protection and credit monitoring services to affected customers.