Cybersecurity

Cybersecurity
Data Encryption Proves Critical in Swaying US Consumers Not Yet Interested in Everyday Apps
September 19, 2023

In an increasingly digital world, a significant share of consumers are relying more and more on single-service apps for their routine financial and shopping needs. But as much as demand for a streamlined, all-in-one finance and shopping app is on the rise, the jury is...

Cybersecurity
Security Expert: Casino Hacks Were Part of Wider Crime Wave
September 19, 2023

The hackers who broke into the systems of two casino giants recently also carried out cyberattacks on three other companies. That’s according to David Bradbury, chief security officer of the identity management company Okta, who said in an interview with Reuters on Tuesday (Sept. 19) that the groups...

Cybersecurity
Report: Casino Hacks Likely Caused by Malware-Driven Theft of Employee Credentials
September 15, 2023

The recent cyberattacks on Caesars Entertainment and on MGM Resorts reportedly may have been launched with stolen login credentials. A cybersecurity company based in London, DynaRisk, discovered that the login credentials of MGM and Caesars employees were being sold on underground forums for cybercriminals, the Financial Times (FT) reported Friday (Sept. 15). The data...

Cybersecurity
‘Scattered Spider’ Named as Likely Suspect in MGM Resorts Hack
September 14, 2023

Authorities have reportedly identified the source of the hack that crippled Las Vegas’ biggest casino group. A group of hackers dubbed “Scattered Spider” is the likely suspect in this week’s cyberattack on MGM Resorts, the Financial Times (FT) reported Thursday (Sept. 14). The group targeted...

Cybersecurity
MGM Resorts Hack Becomes Hassle for Vacationers Who Must Use Cash
September 13, 2023

The cyberattack on MGM Resorts is still reportedly causing trouble for travelers. Guests at the MGM Grand in Las Vegas are dealing with restaurants and bars that are only taking cash and slot machines that aren’t in operation, Bloomberg reported Wednesday (Sept. 13). “People came...

Cybersecurity
MGM Resorts Websites Remain Down Amid Cyberattack
September 12, 2023

MGM Resorts’ websites remain down Tuesday (Sept. 12), two days after the beginning of a cyberattack targeting the hotel and gaming company. The firm, which is the largest casino operator on the Las Vegas Strip, is grappling with a cyberattack that has caused its websites,...

Cybersecurity
Multi-Factor Approach Protects Banks From Fraudsters Seeking Vulnerabilities
September 12, 2023

Caitlin Sinclair, director of proposition development, financial crime at GIACT, an LSEG business, noted in an interview that banks’ customers (consumers and enterprises) are prime targets for fraud — well beyond the points of making transactions and sending money. In fact, the vulnerabilities are in...

Cybersecurity
MGM Resorts Sees Outages Across Properties Due to Cybersecurity Issue
September 11, 2023

Hotel and gaming company MGM Resorts is grappling with a cybersecurity issue that has caused an outage across its properties. “Our investigation is ongoing, and we are working diligently to determine the nature and scope of the matter,” the company said in a Monday (Sept....

Cybersecurity
Cybersecurity Company IronNet to Furlough Workers and Explore Options
September 06, 2023

IronNet, a cybersecurity company founded by former Pentagon leaders, announced it will furlough most of its workers and explore options including bankruptcy reorganization or liquidation. The company made the announcement in a Tuesday (Sept. 5) regulatory filing to the Securities and Exchange Commission (SEC), saying...