(AOF) – MGM Resorts International said Thursday that a cyberattack that disrupted its operations last month would cause a $100 million loss to its third-quarter results as it works to restore its systems. MGM, one of the world’s largest gambling companies, shut down its computer systems after detecting the attack in an effort to limit the damage. It also expects one-time costs to be less than $10 million in the quarter that ended Sept. 30.
On or about September 29, 2023, the casino group determined that an unauthorized third party obtained personal information from some of its customers on September 11, 2023. The affected information included name, contact information (such as telephone number, email address and postal address), gender, date of birth and driving license number. For a limited number of customers, the social security number and/or passport number were also affected. The types of information affected vary from person to person.
MGM Resorts says it took steps as soon as it became aware of this issue to protect its systems and data, including shutting down certain systems. The company also quickly launched an investigation with the help of cybersecurity experts and is coordinating with law enforcement. The group has also implemented additional protection measures to better protect its systems.
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Global tourism still on the rise
Over the first nine months of 2022, 700 million tourists traveled internationally, more than double (+133%) the figure recorded for the same period in 2021. This figure reached 63% of 2019 levels , which should allow the sector to reach 65% of its pre-pandemic levels in 2022. This result is due to a high level of demand and the gradual lifting of restrictions in a large number of countries. Europe is significantly supporting this rebound with the arrival of 477 million people between January and September 2022 (68% of the global total), reaching 81% of the pre-covid level. Tourism there is driven by strong intra-regional demand and travel from the United States. Some destinations saw notable increases in revenue, including Serbia, Romania, Turkey, Latvia, Portugal, Pakistan, Mexico, Morocco and France.