Caesars Entertainment Inc. has revealed that it recently experienced a "suspicious activity" within its information technology network. The incident was a result of a "social engineering attack" on one of its outsourced IT support vendors. The company stated that the cyber attacker managed to obtain a copy of its loyalty program database, which contains sensitive information such as driver's license numbers and social security numbers of numerous members.
Caesars Entertainment has taken immediate action to delete the stolen data, although it cannot guarantee its complete removal. The company has also incurred various expenses in responding to, remediating, and investigating the matter. It is worth noting that Caesars reportedly paid half of the $30 million demanded by the attackers. This information came to light following an initial report by The Wall Street Journal over the weekend.
Meanwhile, another casino operator, MGM Resorts International, has also announced that it is currently addressing a cybersecurity issue.
Despite these challenges, Caesars' stock experienced a slight increase of 0.9% in premarket trading following a 4.7% decline earlier in the week.
- Caesars Entertainment Inc. has disclosed a cyber attack on its loyalty program database.
- The incident was a result of a "social engineering attack" on an IT support vendor.
- The attackers managed to acquire driver's license numbers and social security numbers of numerous members.
- Caesars has taken steps to delete the stolen data but cannot guarantee complete removal.
- Responding to, remediating, and investigating the incident has incurred additional expenses for the company.
- The Wall Street Journal reported that Caesars paid half of the $30 million demanded by the attackers.
- MGM Resorts International is also dealing with a cybersecurity issue.
- Despite these challenges, Caesars' stock experienced a slight increase in premarket trading.