And the problems with 21st century technology roll on.
Over there at CNBC is this headline: https://www.cnbc.com/2023/09/
MGM Resorts says cyberattack could have material effect on company
CNBC reports:
“MGM Resorts on Wednesday said that a cyber incident that has significantly disrupted properties across the United States for the past three days represents a material risk to the company.”
“At the same time, the major 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 Resorts on Wednesday said that a cyber incident that has significantly disrupted properties across the United States for the past three days represents a material risk to the company.
…The FBI told CNBC on Monday it is monitoring the “ongoing” situation. The SEC’s new cyber disclosure rules will not go into effect until the end of the year, so MGM is not yet obligated to provide more information to the SEC than they already have.
…On social media, patrons have expressed frustration with the scope and duration of the outage, with some describing how hotel key cards aren’t working. Others expressed concerns about the security of their personal data. In 2020, MGM acknowledged that it had lost the personal information of more than 10 million customers in a hack. The data resurfaced on a hacking forum that same year.”
There is no rocket science here in realizing that the hacker in question doesn’t have to be the proverbial geek in the basement with a malicious streak. This could easily be a U.S. foreign enemy that is deliberately poking and prodding in corporate America looking for soft spots and ways to crash the entire U.S. economy.
Not good. Not good at all.
