Multiple Firms Hit by Disparate Cyber Criminals Since MGM and Caesars Breaches
Disreputable hackers known as Scattered Spider, responsible for last year's sensational cyberattacks on MGM Resorts International and Caesars Entertainment, have been suspected of recently breaching two insurance companies. Moreover, this malicious group is targeting several businesses within the financial sector, including names like Visa, PNC Financial Services Group, and Synchrony Financial.
The week's report also unveiled that Scattered Spider had attempted to infiltrate systems at 29 different companies since April 20. The list of probable victims is seemingly endless, adding to the urgency and severity of the situation.
Cybersecurity firm Resilience Cyber Insurance Solutions leaked this news. Formerly famous for creating fake login pages to steal users' credentials, Scattered Spider has become a significant concern for authorities.
In defense, an FBI official, Brett Leatherman, admitted that tackling Scattered Spider is a considerable challenge for the cyber police. In a conversation with Recorded Future News, he stated that the FBI needs quick responses from the affected companies to help combat the group effectively.
Leatherman also mentioned that Scattered Spider might have connections to Russian ransomware gangs, based on previous reports from Recorded Future News.
Unlike Scattered Spider, authorities claimed that they've had more success against the LockBit group, decoding their website for insight into their members. Nonetheless, the FBI acknowledges the difficulty of dismantling complex hacking organizations such as Scattered Spider, with Leatherman adding, "It's very difficult to dismantle large organizations like this. We will always endeavor to do it ... We are putting our best folks forward on that disruption - especially in a group like Scattered Spider."
Over the years, Scattered Spider has adopted various aliases like Star Fraud, UNC3944, and Octo Tempest.
MGM faced a significant setback in September when their internal cybersecurity and data systems were impaired for a week following a Scattered Spider hack. Although MGM didn't pay the ransom, they endured a $100M earnings hit in the third quarter and an extra $10M for one-time expenses. In response, MGM sued the Federal Trade Commission (FTC), with the company claiming that FTC's Chairwoman Lina Khan had potential conflicts of interest and should recuse herself from the case.
The group extorted hundreds of millions of dollars from Caesars Entertainment, as reported by Bloomberg.
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Source: www.casino.org
