Caesars Target of Cyberattack in August

Caesars Target of Cyberattack in August – Significant Ransom Paid

Reports suggest $30 million paid to hackers

Caesars Target of Cyberattack in August - Significant Ransom Paid - Thursday, September 14th, 2023 9:28

Caesars Target of Cyberattack in August - Significant Ransom Paid by Bloomberg, Caesars Entertainment was the subject of a cyberattack in recent weeks that saw casino operator pay out as much as $30 million (€27.9 million) to hackers.

The report, citing sources familiar with the situation, states that there was a series of ransomware attacks on the company that were carried out by the same group that targeted MGM Resorts earlier this week.

Caesars Target of Cyberattack in August - Significant Ransom Paid Caesars Target of Cyberattack in August - Significant Ransom Paid

While Caesars is believed to have paid the ransom, it is still obliged by law to report the event to the Securities and Exchange Commission (SEC). It’s not yet clear how many Caesars properties may have been impacted by the cyberattack but there was no visible interruption of operations at the time.

Caesars has yet to comment on the reports.

Jenny Tang

An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.