On the tail of the massive MGM Entertainment cyberattack, reports recently emerged discussing what may be a similar cyberattack targeting Caesars Entertainment (“Caesars”). While Caesar’s has not yet officially confirmed the attack, two people familiar with the matter explained that Caesars is expected to announce the cyberattack in an upcoming regulatory filing. If Caesars was the target of a cyberattack, it raises concerns of a Caesars data breach, which could potentially affect the confidential information of employees and customers.
If you receive a data breach notification from Caesars Entertainment, it is essential you understand what is at risk and what you can do about it. A data breach lawyer can help you learn more about how to protect yourself from becoming a victim of fraud or identity theft, as well as discuss your legal options in the event of a Caesars Entertainment. For more information, please see our recent piece on the topic here.
What We Know About the Caesars Entertainment Cyberattack?
The Caesars Entertainment cyberattack was only recently announced, and it hasn’t yet been confirmed by the company. However, various news reports provide some important information on the incident. According to these sources, Caesars Entertainment recently paid tens of millions of dollars to hackers who broke into Caesars computer network and threatened to release data stored on the company’s computer network. Current estimates suggest that the cyberattack began as early as August 27, 2023.
According to those who claim to have knowledge of the incident, the group behind the Caesars cyberattack is known as Scattered Spider or UNC 3944.
While it hasn’t been confirmed, based on the description of the incident, it appears that hackers employed a ransomware attack. A ransomware attack occurs when hackers breach a company’s system, gain access to sensitive data, and then demand the company pay a ransom. If the company fails to pay the ransom, the hackers will publicly release (or sell) the stolen data.
If the reports of a Caesars cyberattack are confirmed, it will raise the question of what, if any, consumer data was leaked. If Caesars Entertainment confirms a data breach after completing its investigation, the company will be required to send out data breach letters to anyone who was affected by the incident. These letters would provide victims with a list of what information belonging to them was compromised.
More Information About Caesars Entertainment
Founded in 1937, Caesars Entertainment is an entertainment and hospitality company based out of Vegas, Nevada. Caesar’s operates more than 50 properties across the United States, including in Las Vegas and Atlantic City. In 2020, Eldorado Resorts acquired Caesars Entertainment Corporation and changed the new company’s name to Caesars Entertainment. Caesars Entertainment employs more than 49,000 people and generates approximately $10 billion in annual revenue.