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Company

MGM

45 articles stable

Amazon completed its $8.5B MGM acquisition, but MGM’s 2023 coverage peak was driven by a disruptive casino cyberattack and its regulatory aftermath.

Who they are

Coverage uses MGM in two closely watched roles: as the entertainment business Amazon acquired to deepen its content offering, and as the casino operator affected by the September 2023 cyberattack. The stories therefore connect MGM to Amazon’s streaming and subscriber-retention strategy as well as to operational security failures in Las Vegas hospitality.

The recent arc

The coverage peak came in 2023Q3, when reporting focused on the MGM Resorts breach alongside the attack on Caesars. The Financial Times reported that Scattered Spider was likely behind the MGM hack and had used help-desk social engineering to obtain passwords; other accounts attributed responsibility to ALPHV/BlackCat or described Star Fraud’s role within the Com-linked ecosystem. MGM’s refusal to pay a ransom and its estimate of more than $100M in Q3 impact made the incident a business-disruption story, not simply a data-breach report.

In 2024, the story shifted from immediate disruption to accountability and attribution. MGM sued the FTC to halt its investigation into the 2023 attack and sought Chair Lina Khan’s recusal, while Wall Street Journal reporting traced the attack to Star Fraud and the broader online community also associated with Lapsus$. Coverage has since thinned; the latest item is an Amazon-related story rather than a new MGM operating development.

The tension

The central tension is between MGM’s exposure to social-engineering-led intrusion and the scrutiny that follows a major operational failure. Scattered Spider and related groups demonstrate how help-desk access can translate into disruption at a casino operator, while the FTC investigation puts MGM in conflict with the regulator over what data and oversight are warranted after the incident. The parallel Caesars breach reinforced that this was an industry-wide attack pattern rather than an isolated event.

Why it matters

MGM’s arc shows how a high-profile consumer and entertainment brand can become a test case for both cyber resilience and post-incident regulatory authority. If investigations and litigation continue to define the aftermath, the lasting significance may be less the attack’s initial attribution than whether regulators can examine companies’ security practices after disruptive breaches. Amazon’s ownership also keeps MGM relevant to a wider debate over whether premium content assets support Prime retention against services such as Netflix, though the recent corpus does not establish a new strategy or outcome.

MGM has appeared in 45 articles since 2015-12. Coverage peaked in 2023Q3 with 9 articles. Frequently mentioned alongside Amazon, FTC, Netflix, English.

Articles
45
mentions
Velocity
0.0%
growth rate
Acceleration
+0.500
velocity change
Sources
19
publications

Coverage Timeline

2026-04-15
About Amazon 37 related

Amazon agrees to acquire satellite operator Globalstar, set to close in 2027, to expand Leo; Amazon and Apple say Leo will power some iPhone and Watch services

Globalstar would be its second-biggest deal ever I think: Whole Foods — $13.7B Globalstar — ~$11.6B announced / pending MGM — $8.45B One Medical — ~$3.9B Zoox — ~$1.3B Zappos — ~$1.2B Ring — ~$1.0-1.2...

2024-09-17
Krebs on Security 4 related

A look at the activity of some members of The Com, an online community linked to the Scattered Spider hacking group, and their involvement in extortion groups

which corresponds to the screen name “@Holy” — and found the same account was used across a number of cybercrime channels that are entirely focused on extorting young people into harming themselves or...

2024-06-13
The Verge 2 related

A look at the Microsoft Excel World Championship, an annual tournament hosted by Financial Modeling World Cup where competitors solve Excel puzzles for prizes

click the cells! — from @kristenradtke_ and Secret Verge Weapon Graham Macaree https://www.theverge.com/... David Pierce / @imdavidpierce : I went to Vegas to see the world's best spreadsheeters compe...

2024-04-16
Bloomberg 1 related

Filing: MGM sues the FTC to stop an investigation into a 2023 cyberattack and asks for Chair Lina Khan's recusal; Khan stayed at the MGM Grand in September 2023

- Agency chair Lina Khan was visiting resort during cyber attack  — Lawsuit alleges FTC asked company for ‘100 categories’ of data

2024-03-30
Wall Street Journal 2 related

A look at the MGM hack, carried out by Star Fraud group, part of the Com online community of teenagers from English-speaking countries that also spawned Lapsus$

2024-03-29
Wall Street Journal 1 related

A look at the MGM hack, carried out by Star Fraud group, part of the Com online community of teenagers from English-speaking countries that also spawned Lapsus$

A gang of young criminals.  A more than $30 million ransom.  Casinos in disarray.  Six days inside the cyberattack that put corporate America on notice.

2023-11-14
Reuters

Investigation: for over six months, the FBI has known the identities of 12+ hackers tied to the MGM and Caesars breaches, baffling experts at the lack of action

The U.S. Federal Bureau of Investigation (FBI) has struggled to stop a hyper-aggressive cybercrime gang that's … X: @ericgeller . Forums: r/cybersecurity X: Eric Geller / @ericgeller : Reuters reports...

2023-10-07
Wall Street Journal 20 related

Source: MGM Resorts refused to pay a hackers' ransom in the September cyberattack; filing: MGM estimates the hack will cost the company $100M+ in its Q3 2023

Fallout will have a $100 million negative impact on quarterly earnings, Las Vegas-based company says

2023-10-06
Wall Street Journal 14 related

Source: MGM Resorts refused to pay hackers' ransom in the September cyberattack; filing: MGM says the hack will have a $100M negative impact on its Q3 earnings

Fallout will have a $100 million negative impact on quarterly earnings, Las Vegas-based company says

2023-09-24
Reuters 5 related

A look at Scattered Spider, which experts say is a group of 17- to 22-year-old native English speakers likely behind MGM and 52+ other hacks since March 2022

About a year ago, the U.S. security firm Palo Alto Networks began to hear from a flurry of companies that had been hacked in ways that weren't the norm for cybercriminals.

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Quarterly Coverage

Top Sources

Narrative

TEXXR tracks 53 tech news articles mentioning MGM, dating back to December 2015. The biggest stories include MGM was likely hacked by Scattered Spider, an English-speaking group that previously used... and Amazon says it will acquire MGM Studios for $8.45B, its second-largest acquisition since.... Frequently covered alongside Amazon, MGM Resorts, FTC, Netflix, and Scattered Spider. Coverage has shifted toward developer themes and away from consumer.

Key Moments

2025Q1consumer -25pts; regulation +100pts
2026Q1developer +50pts; regulation -100pts

Relationships

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