The MGM data breach, which the FBI is investigating, is a vivid example of how large organizations remain vulnerable to cybercrime. Analysts who have tracked Scattered Spider say more and more organizations have been falling for the group's skilled social engineering schemes. MGM said it is "well-positioned" to have a strong fourth quarter with record results in November, driven mainly by a Formula One racing event slated to take place in Las Vegas. (Reporting by Zeba Siddiqui in San Francisco and Shivansh Tiwary in Bengaluru; Editing by Shilpi Majumdar and Tom Hogue) Sources earlier told Reuters AlphV worked with another outfit named Scattered Spider to break into MGM systems and steal data to hold for extortion.

A hacking group named AlphV claimed it was involved in the breach. It expects to also incur less than $10 million as a related one-time cost in the quarter ended on Sept. One of the world's largest gambling firms, MGM shut down its systems after detecting the attack to contain damage, it said. Check Reputation of Casino Operator: When searching for bonuses, make sure to do your research on the operator. Read reviews from other players to get a better understanding of customer service, payment methods, RNG systems, and more.

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