MGM Resorts and Caesars Entertainment face the aftermath of cyberattacks, with MGM opting not to pay ransom and Caesars confirming a social-engineering attack. Both companies are projected to incur significant financial losses, with MGM estimating a $100 million cost. The cyber incidents have led to disruptions in operations and services, with MGM expecting a full restoration soon. Additionally, Southeast Asia's casinos are becoming a hub for organized crime, particularly money laundering and fraud, facilitated by the pandemic and gambling activities.

Cyberattacks and Crime Hubs