SPLK - Casino Giants Face Cybersecurity Crisis: Caesars Entertainment Falls Prey To Hackers Post-MGM Attack | Benzinga
In a recent cybersecurity breach, Caesars Entertainment Inc. (NYSE:CZR) reportedly paid millions to cyber attackers to prevent the leak of company data.
The fallout of this incident has led to a substantial drop in the company’s share prices.
What Happened: Caesars Entertainment reportedly paid a hefty sum to a group of hackers called “Scattered Spider” or “UNC 3944,” according to Bloomberg. The cyber attackers managed to breach the company’s systems via an external IT vendor’s network.
Following the revelation of this attack, the company’s shares plummeted by 3.5% on Wednesday.
The company is expected to officially disclose details of the attack in an upcoming regulatory filing.
This news surfaced alongside another cyberattack on MGM Resorts International (NYSE:MGM), disrupting operations and causing a 5% drop in ...