Trump administration ends FTC’s ransomware data breach case against MGM Resorts

Summary: The Federal Trade Commission (FTC) has closed its investigation into MGM Resorts International regarding how the company handled personal data following a ransomware attack in 2023. This decision came after months of legal disputes, culminating in the withdrawal of the FTC’s Civil Investigative Demand (CID) once the Trump administration took office. The situation highlights significant operational disruptions at MGM Resorts due to the cyberattack, impacting numerous customers and employees.

Affected: MGM Resorts International

Keypoints :

• The FTC filed a CID in January 2024 concerning MGM’s data handling post-ransomware attack.
• MGM Resorts faced legal challenges regarding compliance with various federal regulations regarding data security.
• The FTC’s CID was withdrawn after the change in administration, leading to the dismissal of ongoing court cases.
• The ransomware attack severely disrupted operations, impacting payment systems and guest services across multiple casinos.
• MGM Resorts had previously settled lawsuits related to earlier data breaches, including a million settlement over a 2019 breach.
• The ransomware incident resulted in an estimated loss of 0 million for MGM Resorts.