The recent cyberattack on MGM Resorts International has raised serious concerns about the security of sensitive data and the vulnerabilities organizations face in today’s digital landscape. In this blog post, we will dive into the details of the attack based on the information currently available, analyze its root causes and discuss key takeaways to help organizations strengthen their security posture.
Malicious packages consist of software embedded with code that is capable of causing harm to an entire system or network. This is a rapidly growing threat affecting open-source software and the software supply chain. This attack method has seen a nearly 12,000% increase from 2022 to 2023, as reported by Synk. Some reasons include its technical feasibility, the potential for high returns, and the widespread distribution of open-source offerings, Common types of malicious packages encompass.
The latest MGM Resorts ransomware attack demonstrates why cyber insurance is critical as part of a multi-layered security strategy. In our last blog, we discussed the recent Las Vegas cyber incidents and how no organization is completely safe. The original cyber incident at MGM Resorts occurred on September 10, 2023 — nearly two weeks ago now – and the company and its valued customers are still feeling its effects.
Save The Children is an organization that specializes in helping children live healthy lives. The non-profit works in multiple countries, helping to provide for children's needs, especially in areas affected by war or tragedy. This organization was recently the target of a ransomware hacker group and suffered huge data losses as a result of that targeting.