Federal Trade Commission commences investigation into MGM Resort's response to 2023 cyber hack

The Federal Trade Commission is looking into how the massive casino chain responded to the hack, which is one of the ongoing effects of the 2023 cybersecurity breach that severely disrupted MGM Resorts International's domestic operations.

Scattered Spider, a group of international and domestic hackers, created a cyber breach in September 2023 that cost the Bellagio operator $100 million in third-quarter earnings before interest, taxes, depreciation, amortization, restructuring or rent costs, and $10 million in one-time legal and other expenses.
 
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