Call us now:
It was going to happen, State and Federal investigations into the 2023 cyber attack.
MGMs 10K submitted on Friday highlighting some financial challenges. The loss of $100 million following its 2023 cyber attack, while not likely financially material, an investigation of the incident by regulators could lead to further regulatory risks
Cautionary Statement Concerning Forward-Looking Statements
Cybersecurity Issue; the timing and outcome of the claims and class actions against the Company and of the investigations by state and federal regulators, related to the Company’s September 2023 cybersecurity issue, and the availability of cybersecurity insurance proceeds and the nature and scope of any claims, litigation or regulatory proceedings that may be brought against us.
Cybersecurity is recognised as a problem by the company – ‘Our data security measures are reviewed and evaluated regularly; however, they might not protect us against increasingly sophisticated and aggressive threats, like the cybersecurity issue that affected us in September 2023………’
@Thaddeus Dziekanowski Brian D. McCarthy
Veritas GRC
#cybersecurity #cyberriskmanagement #cyberregulation
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