Caesars reportedly paid ransom to hackers after cyberattack

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Caesars Entertainment (CZR) paid a ransom after getting hit by a cyberattack, according to a report from The Wall Street Journal. According to the WSJ, the company paid approximately half of the original $30 million ransom demanded by a group of hackers targeting the Las Vegas strip. Caesers says this breach “will not have a material effect on its results.” The cyberattack has been attributed to the hacking group Scattered Spider, which also targeted MGM Resorts International (MGM). Yahoo Finance Live’s Brad Smith and Julie Hyman break down the details of this cybersecurity breach.

from The Wall Street Journal. According to the WSJ, the company paid approximately half of the original $30 million ransom demanded by a group of hackers targeting the Las Vegas strip. Caesers says this breach “will not have a material effect on its results.” The cyberattack has been attributed to the hacking group Scattered Spider, which also targeted MGM Resorts International . Yahoo Finance Live’s Brad Smith and Julie Hyman break down the details of this cybersecurity breach.

Global securities watchdog IOSCO said it had identified "some vulnerabilities in the leveraged loan and collateralized loan obligation markets which may be exacerbated by the behavior of certain participants and market practices.

 

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