Cyberattack at MGM Resorts expected to cost casino giant $100 million

MGM Resorts expects the cybersecurity attack it experienced last month to cost the company over $100 million. The attack led to the shutdown of some casino and hotel computer systems, affecting reservations and casino floors across the US. While no customer bank account numbers or payment card information was compromised, personal information such as names, contact information, and social security numbers were stolen. MGM will offer free identity protection and credit monitoring services to affected customers. The attack will have a negative impact on MGM's third-quarter financial results but minimal impact in the fourth quarter.

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