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With new information from the Wall Street Journal revealing more about the cyberattacks that hit MGM Resorts casinos in September and revealing a tale of digital mayhem and catastrophic financial consequences, the shadow of cyber vulnerability is becoming increasingly apparent.
Born out of the murky depths of an online community known as “the Com,” a covert group known as Star Fraud becomes a significant threat in the cyberspace and gains recognition as “one of the top cybersecurity problems facing the U.S.,” per sources. They have penetrated big titans like Apple and Meta on the pretense of law enforcement, using a variety of attacks from bitcoin raids to coercive methods.
Operating with brazen audacity, Star Fraud spares no tactic in its quest for control. From coercing victims with threats of violence to resorting to actual physical assaults on adversaries, the group strikes fear into the hearts of those who dare to resist. Their methods, ranging from password pilfering to extortion, leave a trail of disrupted operations and shattered trust in their wake.
MGM Resorts resists giving in to the demands of cyberterrorists and remains steadfast in the face of the storm. MGM choose to rebuild rather than pay a ransom for their integrity, while others give under to pressure to pay a ransom. CEO Bill Hornbuckle is unwavering, saying, “They didn’t get what they were looking for,” even after days of system outages and disruptions in operations.
The gambling sector is affected by these kinds of assaults, as MGM struggles to deal with the fallout from the cyberattack. Casinos are forced to navigate a world full with digital perils as they traverse regions as diverse as the Arizonan deserts and the Canadian border.