Does the MGM hack spell trouble for the future, or can casino cyberattacks be stopped?
It’s been more than a week since the MGM Resorts’ computer systems were hacked. As of late yesterday, MGM reported most of it’s systems were back up.
But over the ten days the system was down, it’s been reported the company lost $4 million to $8 million a day.
MGM Resorts international is a gigantic company with revenues and assets in the billions of dollars. And it’s a gaming company. On any given day, its casinos hold vast sums of money. It’s why it becomes frequent target for criminals.
So knowing that, how does this kind of thing happen in the first place? Is it really so easy to hack into these massive computer systems. And why does it seem so hard to trace and find the people doing it? Why can’t it be stopped?
Guests: Greg Moody, director, UNLV Cybersecurity Studies; Justin Giardina, chief technology officer, 11:11 Systems