The Federal Trade Commission (FTC) is moving towards resolving its dispute with MGM Resorts International, withdrawing its civil investigative demand related to a significant cyberattack in September 2023. This incident, which resulted in approximately $100 million in damages and disrupted MGM's resort operations for nine days, had prompted the FTC to seek detailed information from the company. In a letter from Chairman Andrew Ferguson to MGM's legal team, the FTC indicated its intention to suspend the investigative demands, potentially signaling an end to the conflict between the agency and the company.
The FTC has announced it plans to withdraw its civil investigative demand related to the costly cyberattack on MGM Resorts, which incurred an estimated $100 million in losses.
In its letter, FTC Chairman Andrew Ferguson notified MGM's legal representative, Brian Boyle, that the agency was retracting its demands, signaling a potential resolution to the ongoing dispute.
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