Too Rich To Ransomware? MGM Brushes Off $100M in Losses

Following September’s ransomware attack on MGM Resorts, the hospitality and casino giant swiftly decided not to engage or negotiate with cybercriminals — and based on its most recent Securities and Exchange Commission (SEC) disclosure, the gamble paid off. MGM’s incident response strategy was a sharp left turn from Caesars Entertainment, which after it was breached by the same threat actors, decided to pay a negotiated ransom of $15 million and move on.

Source: Dark Reading: Cloud

 


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