MGM Resorts Says Ransomware Hack Cost $110 Million
Hospitality and entertainment giant MGM Resorts said costs from last month’s debilitating ransomware infection has exceeded $110 million, including $10 million in one-time consulting clean-up fees. In an SEC 8-K filing, MGM Resorts said the data-extortion attack caused operational disruptions, especially in its Las Vegas properties, and an estimated financial toll that includes about $100 million in lost revenue. MGM Resorts, which manages prominent hotels like Mandalay Bay (site of the Black Hat security conference),…
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