We may earn commissions if you use the recommended services on this site.  

MGM Resorts Faces Ongoing Cyber Attack Impacting Reservation and Booking Systems

Latest Business News

MGM Resorts Faces Ongoing Cyber Attack Impacting Reservation and Booking Systems

MGM Resorts, a prominent casino and lodging operator, has been forced to shut down several computer systems, including its website, due to an ongoing cyber attack. The initial shutdown had a significant impact on various aspects of the company's operations, affecting reservation systems, booking systems, hotel electronic key card systems, and even the casino floors. The company's email systems also remain offline. While the casino floors have been restored, the reservation systems and booking system are still down, causing disruptions in managing hotel rooms and restaurant reservations.

Importance of Reservation Systems

MGM Resorts operates thousands of hotel rooms across Las Vegas and the United States, with revenue from hotel rooms surpassing that of their casino operations. The outage of reservation systems and booking systems can have a significant financial impact on the company, potentially leading to revenue losses.

Response and Investigation

MGM Resorts has taken immediate action to address the cyber attack, launching an investigation with assistance from external cybersecurity experts. The company has also notified law enforcement and implemented measures to protect their systems and data. The FBI has confirmed its awareness of the incident but has not provided further details.

Past Cybersecurity Incidents

This is not the first time MGM Resorts has faced cybersecurity incidents. In 2020, the personal details of over 10 million visitors were exposed on a hacking forum. The company acknowledged that the information was obtained in 2019. These previous incidents highlight the ongoing challenges faced by MGM Resorts in safeguarding customer data.

Government Response and Critical Infrastructure

The scope of the government response to the cyber attack remains unclear, beyond the involvement of the FBI. The government has recognized the gaming and lodging sector, which includes MGM Resorts, as critical infrastructure since 2003. The Department of Homeland Security has warned about the potential consequences of cyberattacks on commercial facilities, emphasizing the disruption of operations, compromise of data privacy, and the resulting legal and economic burdens. In conclusion, MGM Resorts' ongoing cyber attack and the impact on reservation and booking systems highlight the vulnerabilities faced by businesses in the gaming and lodging industry. The incident serves as a reminder of the importance of robust cybersecurity measures to protect customer data and ensure the smooth operation of critical systems.

Conclusion: The Impact of Cybersecurity Issues on New Businesses

The ongoing cyber attack on MGM Resorts underscores the critical importance of robust cybersecurity measures for new businesses. This incident serves as a stark reminder of the potential vulnerabilities businesses face, particularly those in sectors like gaming and lodging where reservation and booking systems play a crucial role.

Significance of Cybersecurity

For new businesses, investing in strong cybersecurity measures from the outset is not just an option, but a necessity. Cyber attacks can disrupt operations, lead to significant financial losses, and damage a company's reputation. Furthermore, the compromise of customer data can lead to legal issues and erode customer trust.
Government Involvement and Support
The involvement of the FBI in this incident highlights the role of government agencies in responding to cyber attacks. New businesses can benefit from understanding the support available from such agencies and the importance of reporting cyber incidents promptly. In conclusion, the cyber attack on MGM Resorts serves as a wake-up call for new businesses. It underscores the importance of prioritizing cybersecurity, understanding the potential impact of cyber attacks, and being prepared to respond effectively when incidents occur. This incident is a clear reminder that in today's digital age, cybersecurity is not a luxury, but a necessity for all businesses.
Story First Published at: https://www.cnbc.com/2023/09/12/mgm-resorts-cybersecurity-incident-forces-system-outage.html
Brought to you by BusinessFormation.io
Know Your State's Registered Agent Requirements: What is a Registered Agent
Learn How To Create An LLC: What Is An LLC and How To Start an LLC Online

LLC Filing & Registered Agent Services

Compare Online LLC Filing Services Today

We work with the market leaders in business formation and registered agent services.

Getting started is simple and inexpensive. Form your business today & secure your brand name before someone beats you to it! Click below to view the Top 3 Best LLC and registered agent service providers.
View Top 3 Providers Now

Filing An LLC Can Be Complicated

Streamline Your LLC Filing Online for $39

Northwest Registered Agent is the best-rated service for first time filers.

Get professional LLC formation & registered agent services for only $39 + state filing fee. This offers includes your full LLC setup, plus a private business address, lifetime support, and more.

Trusted by Millions. Save 82% Today.