According to MGM Resorts, a cyber issue that has caused major disruptions at hotels across the United States for the previous three days poses a material danger to the corporation.
At the same time, the important credit rating agency Moody’s issued a warning that the cyberattack might have a negative impact on MGM’s credit rating, citing the incident as highlighting “significant risks” within the organisation.
As a result of the attack, the company’s corporate email, restaurant reservation, and hotel booking systems are all still down, as are digital room keys. In a report that MGM submitted to the Securities and Exchange Commission on Wednesday (Form 8-K), the business noted that it had released a press release on Tuesday “about a cybersecurity concern impacting the business.”
Typically, 8-Ks are filed by publicly traded corporations when they want to alert the SEC of an incident that could materially affect the company. A spokesman for MGM acknowledged that the business considers the occurrence to be significant. In response to the Moody’s warning, the spokeswoman declined to comment.