Hotel and CASINO GIANT MGM RESORTS has paid $ 45 million to resolve one -dozen litigation after hackers steal millions of customers with two separate cyber attacks. I agree.
As the record first reported, MGM agreed on January 21, according to recent courts. The Las Vegas Federal Court will rule on June 18.
Following the two data violations reported earlier at the MGM Resort in 2019 and 2023, we reached a proposal for reconciliation.
With the 2019 violation, Hackers have stolen millions of customer names, home addresses, phone numbers, and other personal information from the MGM system. MGM confirmed violations in 2020 after most of the stolen data was released in a known cyber criminal forum.
The 2023 ransomware attack on the MGM system has been a few weeks of the entire Las Vegas Strip company, including Bellagio, Aria, and Cosmopolitan. Hackers also stolen customer personal information, including some social security numbers and passport numbers. MGM stated that the cost of ransomware attack was more than $ 100 million.
A group litigation lawyer said that two separate data infringement had influenced 37 million MGM resort customers. MGM repeatedly refused the affected number of individuals, and MGM spokesman Brian Ahan did not respond to TechCrunch comments.
Approximately 30 % of the $ 45 million settlement funds are sent to lawyer fees, and the victims of the collective lawsuit will receive up to $ 75, depending on the type of information stolen by attacks.