Seriously Risky Business Newsletter
September 28, 2023
Lapsus$: From Flash in the Pan to Raging Fire
Presented by
![Tom Uren](/static/img/tom-uren.jpg)
Policy & Intelligence
Teenage hackers have breached systems at Caesars Entertainment and MGM Resorts International, two large US resort, entertainment and gaming companies. These incidents showcase how hacking groups comprising young people using Lapsus$-style techniques are becoming one of the greatest cyber security threats to organisations.
Both hacks had significant impact.
Caesars Entertainment reportedly paid a ransom of USD$15m after the group stole personal information from its loyalty program database, including driver licence and social security numbers. The organisation’s SEC filing uses a form of words that we suspect will become standard when paying a data extortion ransom: