When the cyberattack on MGM Resorts made headlines, it didn't take long to find out that Caesars Entertainment had been hit a few days ago. Although the exact date of some of the relationships remains confidential, they were discovered thanks to a Securities and Exchange Commission (SEC) form filed by Caesars, explaining that the operator opened an investigation into the cyberthreat on September 7.
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Edmund Quatmann Jr. wrote, general counsel, vice president and secretary of Caesars Entertainment, the statement said: "While no company can eliminate the risk of a cyberattack, we believe that we have taken appropriate measures, and - work with other leaders. IT consultants, to strengthen our systems to protect the future.
"We have incurred, and may continue to incur, certain expenses related to this attack, including expenses to respond to, correct and investigate this matter."
It was later reported in the Wall Street Journal that Caesars paid half of the $30 million demanded by the hackers to prevent the attack on the company. So how did this happen?
Although the details of the attack have not been released at Caesars and MGM, both believe it is the group known as Spider Scattered, also known as UNC3944. It is believed that these groups are young people in the US and UK.
Associated with ALPHV, also known as BlackCat, one of the most famous cyber exploiters, Scattered Spider allegedly used BlackCat Ransomware as a service (RaaS) alongside social engineering to get the Caesars series at MGM Resorts. So, what is social engineering?
This is the process of obtaining information or security measures through mental manipulation or, in simple terms, lying. In Caesars' SEC filing, Quatmann explained that the company's information was obtained from third parties.
