The recent cyberattack that caused many services at MGM Resorts International to be unavailable is expected to reduce its third-quarter profit by $100 million, according to the company’s 8-K filing on Thursday. The negative impact is expected predominantly in its Las Vegas operations but will have a minimal impact during the fourth quarter.
Tag: cyber defense
Swiss Re: Insurance Can Help Bolster Cyber Resilience As Risks Evolve
John Coletti, Head of Cyber Reinsurance at Swiss Re, believes that efforts to combat cyber threats are never enough, and he outlines a number of steps insurers can take to strengthen cyber defense.