MGM to lose up to $8.4 million each day as it resolves cyberattack

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MGM to lose up to $8.4 million each day as it resolves cyberattack
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MGM Resorts International is projected to lose as much as $8.4 million daily until it fixes issues stemming from a cyberattack it fell victim to earlier this month.

"Promptly after detecting the issue, we began an investigation with assistance from leading external cybersecurity experts," MGM said in a statement last week.

"We also notified law enforcement and are taking steps to protect our systems and data, including shutting down certain systems."The incident affected reservations and casino floors in multiple states,The company posted on X, formerly known as Twitter, that the investigation is still ongoing, although it is working "diligently" to solve the cyber issue while addressing "individual guest needs promptly.

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