• About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting
Friday, September 29, 2023
First Investors USA
  • News
  • Sport
  • Economy
  • Investing
  • Editor’s Pick
No Result
View All Result
First Investors USA
  • News
  • Sport
  • Economy
  • Investing
  • Editor’s Pick
No Result
View All Result
First Investors USA
No Result
View All Result
Home Economy

Hackers who breached casino giants MGM, Caesars also hit 3 other firms, Okta says

by
September 19, 2023
in Economy, News
0
Hackers who breached casino giants MGM, Caesars also hit 3 other firms, Okta says
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter













SAN FRANCISCO – Hackers who breached casino giants MGM Resorts International and Caesars Entertainment in recent weeks also broke into the systems of three other companies in the manufacturing, retail, and technology space, a security executive familiar with the matter said.

David Bradbury, chief security officer of the identity management company Okta, said five of the company’s clients, including MGM and Caesars, had fallen victim to hacking groups known as ALPHV and Scattered Spider since August.

In an interview with Reuters, Bradbury didn’t name the other companies, but said Okta was cooperating with official investigations into the breaches.

The hacks have cast fresh spotlight on ransomware attacks – cyber intrusions that affect hundreds of companies every year, from healthcare providers to telecom firms. MGM and Caesars lost market value last week as stock prices fell, and MGM is yet to recover from various operations disrupted at the hotels and gaming venues it owns from Las Vegas to Macau.

San Francisco-based Okta, which says it has more than 17,000 customers around the world, provides identity services such as multi-factor authentication used to help users securely access online applications and websites. Multiple breaches it identified at its customers last month prompted the company to issue an alert then, Bradbury said.

“We saw this happened in such a small period of time and we thought we should be coming forward to the industry at large and explaining what’s happening here,” he said.

At the time, Okta said its US customers were reporting a consistent pattern of attacks where hackers impersonated a victim firm’s employees and convinced their information technology helpdesk into providing them duplicate access.

“We’ve seen consistently over the past six to 12 months, a ramp up in these types of attacks,” Bradbury said.

MGM has not commented on the statement or the hack, beyond saying last week that it was dealing with a “cybersecurity issue.” Caesars earlier said it was investigating the breach.

The financially-motivated hacking group ALPHV claimed the MGM hack in a post on its website Friday, and warned MGM of further attacks if it didn’t strike a deal. It’s unclear how much ransom ALPHV has demanded.

Bradbury said the group had breached into MGM and obtained access to its Okta client, which allowed it further access to more credentials in the identity management firm’s system.

Scattered Spider appears to have worked with ALPHV on the latest hacks, Bradbury said, citing research by security analysts who have tracked both groups. “Think of them more as business associates or affiliates,” he said.

Google’s Mandiant Intelligence last week called Scattered Spider, also known as UNC3944, as one of the most disruptive hacking outfits in the United States. Bradbury said Mandiant’s description of the group’s tactics aligned with what Okta had observed in the recent hacks. – Reuters

Jino Nicolas

RELATED ARTICLESMORE FROM AUTHOR



MORE STORIES


Next Post
Trump to skip next Republican debate, give speech to auto workers

Trump to skip next Republican debate, give speech to auto workers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
  • Trending
  • Comments
  • Latest
Down the drain – Philippines water joint ventures stir anger

Down the drain – Philippines water joint ventures stir anger

August 7, 2023
SC affirms illegal dismissal ruling in Qatar electrical engineer case

SC affirms illegal dismissal ruling in Qatar electrical engineer case

July 13, 2023
PhilTower says 250 telco towers now operational

PhilTower says 250 telco towers now operational

July 31, 2023
Sulu illegal drug gang supporting Abu Sayyaf terrorists neutralized

Sulu illegal drug gang supporting Abu Sayyaf terrorists neutralized

July 6, 2023
EastWest Pay: One step forward towards a cashless society

EastWest Pay: One step forward towards a cashless society

0
Supermarket association sees slower price increases for grocery items

Supermarket association sees slower price increases for grocery items

0
More Filipino millennials, Gen Zs doing side gigs to boost income — Deloitte

More Filipino millennials, Gen Zs doing side gigs to boost income — Deloitte

0
Coding to training: Philippines tackles online child sexual abuse

Coding to training: Philippines tackles online child sexual abuse

0
EastWest Pay: One step forward towards a cashless society

EastWest Pay: One step forward towards a cashless society

September 29, 2023
Tech trends reshaping the finance space

Tech trends reshaping the finance space

September 29, 2023
Defining what makes ‘smart’ banking

Defining what makes ‘smart’ banking

September 29, 2023
The fintech-driven revolution in banking

The fintech-driven revolution in banking

September 29, 2023
EastWest Pay: One step forward towards a cashless society
Economy

EastWest Pay: One step forward towards a cashless society

by
September 29, 2023
0

The financial sector is continuously evolving as...

Read more
Tech trends reshaping the finance space
Economy

Tech trends reshaping the finance space

by
September 29, 2023
0

Image from TheInvestorPost/PIXABAYThe finance sector is among...

Read more
Defining what makes ‘smart’ banking
Economy

Defining what makes ‘smart’ banking

by
September 29, 2023
0

Image from AhmadArdity/PIXABAY‘Smart’ is being integrated into...

Read more
The fintech-driven revolution in banking
Economy

The fintech-driven revolution in banking

by
September 29, 2023
0

Image from Tumisu/PIXABAYThe banking industry has been...

Read more

Disclaimer: FirstInvestorsUsa.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

Copyright © 2023 First Investors USA. All Rights Reserved.

No Result
View All Result
  • News
  • Sport
  • Economy
  • Investing
  • Editor’s Pick

Copyright © 2023 First Investors USA. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In