Cyberattacks against financial institutions and casinos are a common occurrence due to the large amounts of money they handle, making them prime targets for hackers. Some attacks result in millions of dollars in losses, and last year, MGM Resorts International and Caesars Entertainment were both victims of devastating cyberattacks.
MGM Resorts faced temporary disruptions in hotel reservations, slots, and other amenities due to the cyberattack, while Caesars reportedly paid a ransom to resolve their cybersecurity issue. These incidents highlighted the dangers of cyberattacks in the gambling industry.
A recent report indicates that the casino industry is still a target for cyberattacks, and companies previously targeted may be at risk of further attacks. Cybersecurity expert Dan Lohrmann emphasized the importance of proactive monitoring and combating cybersecurity threats, warning that companies who do not take appropriate action after being targeted may face additional attacks.
Lohrmann will be speaking at the World Game Protection Conference in Las Vegas, where he will address emerging cybersecurity issues and trends related to cyberattacks. He stressed that no company is safe from cyberattacks, but strategic steps can significantly reduce the likelihood of a breach and ransomware attack. The major cyberattacks against MGM and Caesars last year served as a wake-up call for the entire sector.
Overall, the growing gambling industry continues to be targeted by cyberattacks, and companies must take proactive measures to protect themselves from potential threats. This includes implementing appropriate cybersecurity measures to reduce the likelihood of experiencing a cyberattack.