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Market
Will MGM Resorts recover the $100 million loss from the cyber attack by July 19, 2025?
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MGM Resorts financial statements and official announcements
Story
17-Year-Old Arrested in Global Cybercrime Operation Targeting MGM Resorts in 2023, Causing $100 Million Loss
Jul 19, 2024, 06:45 PM
A 17-year-old boy from Walsall, UK, has been arrested in connection with a global cybercrime group responsible for ransomware attacks on major organizations, including MGM Resorts. The arrest was made in a coordinated operation involving the FBI, UK’s National Crime Agency (NCA), West Midlands Police, and the Regional Organised Crime Unit for the West Midlands (ROCUWM). The suspect is accused of hacking and blackmail offenses, targeting several large companies. The cyber attack on MGM Resorts in 2023 resulted in losses exceeding $100 million.
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