MGM Resorts Faces Major Cyberattack, Warns of Financial Impact
MGM Resorts has been experiencing outages and disruptions to their corporate email, hotel booking system, restaurant reservations, and digital room keys for the past 3 days due to a cyber incident. MGM has now filed an 8-K report with the SEC notifying them that the incident could have a material impact on the company's financials. Credit rating agency Moody's also warned that the cyberattack could negatively affect MGM's credit rating due to the security risks highlighted. MGM's stock price has fallen over 6% since the incident was disclosed while the broader market has seen modest gains.
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00:00 Benzinga and here's what's on the block. MGM Resorts has been experiencing outages and
00:04 disruptions to their corporate email, hotel booking system, restaurant reservations,
00:08 and digital room keys for the past three days due to a cyber incident. MGM has now filed an 8K
00:13 report with the SEC, notifying that the incident could have a material impact on the company's
00:17 financials. Credit rating agency Moody's also warned that the cyber attack could negatively
00:21 affect MGM's credit rating due to security risks highlighted. MGM's stock price has fallen over 6%
00:27 since the incident was disclosed, while the broader market has seen modest gains.
00:30 For all things money, visit Benzinga.com