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Companies Remain Reluctant to Admit Paying Off Hackers
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Hello. Companies often refrain from disclosing that they paid ransoms to cybercrime groups after an attack, fearing that such an admission could bring legal and reputational risks.
Casino operator Caesars Entertainment, for example, hasn’t said publicly that it paid hackers after a cyberattack late this summer. The Wall Street Journal reported last week that Caesars paid around half of the $30 million ransom that hackers demanded.
The issue reflects challenges federal regulators face in forcing more transparency around how companies deal with cyberattacks. Read our full story.
Also today:
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MGM restores some systems after cyber incident
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Donald Trump Jr.'s X account hacked
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Huawei ships advanced chips for surveillance cameras
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Car makers fail data-privacy tests, bigtime
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CONTENT FROM: Netscout
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Threat Analytics: Pros and Cons
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PHOTO: JOHN LOCHER/ASSOCIATED PRESS
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Progress: Las Vegas casino and hotelier MGM Resorts said Wednesday its properties are "operating normally" but not all digital capabilities are available after a cyber incident disclosed on Sept. 11. Mobile check-in and digital room keys aren't operating and members of the MGM Rewards loyalty program can't use their points, MGM said.
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PHOTO: WIN MCNAMEE/GETTY IMAGES
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Donald Trump Jr.’s account on X, formerly known as Twitter, was hacked Wednesday, displaying posts saying his father, former President Donald Trump, had died. Other posts referred to North Korea and disparaged the Securities and Exchange Commission. An advisor to Trump Jr. said the account had been hacked. The posts were removed shortly after they appeared. (TechCrunch)
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