Listen to this episode

MGM Cyber Attack, Personal and Business Cybersecurity Tips and Tricks

0:0053:17

Recorded September 2023. Regulations, deadlines, requirements and products discussed in this episode reflect that date and may have changed since. For where things stand today, see our current compliance guidance or ask us.

Worth remembering

Key takeaways

  1. Blake argues that security awareness training is a simple layer of defense that might have helped MGM avoid the attack.
    “you need to have some type of security awareness training. Everybody needs to be aware of the possible threats”
  2. Blake contends that Caesars paying its ransom opens the floodgates for more incidents because hackers simply want the quickest path to monetization.
    “by you know Caesar's paying this ransom, it's just opening up the floodgates for more incidents to happen”
  3. Craig argues that security is not optional and that people should assume they have already been hacked and plan accordingly.
    “This stuff isn't optional anymore. You have to assume that when you wake up in the morning, you've been hacked. And what are you going to do about it?”
  4. Craig warns that cyber insurance companies have gotten smarter and will not pay claims without evidence backing the application answers.
    “They're not paying the claims anymore unless you have all the evidence to prove that you did what you said that you were going to do on the application.”
  5. Blake recommends manually checking phones and computers for updates at least once a week because hackers exploit older backdoors.
    “I make it a habit to check my phone at least once a week and make sure my software is up to date.”
  6. Craig stresses that email is not secure and sensitive information should be shared through portals or encrypted apps instead.
    “email's not secure. It's a fact. So, don't click or do anything or send anything that's sensitive with email.”
  7. Blake shares personal habits such as locking unused credit cards and switching off Wi-Fi and Bluetooth whenever he leaves home.
    “I I lock all my credit cards like whenever I'm not using them, like they're always locked.”

The summary and takeaways were drafted with AI from the transcript below. Each takeaway is shown with the passage it comes from.

From the show notes

About this episode

MGM Cyber Attack, Personal and Business Cybersecurity Tips and Tricks. According to Okta, Hackers who breached MGM and Caesars also hit 3 other firms. Learn cybersecurity tips and tricks you can use to security harden yourselves and your business.

Full text

Episode transcript

Select any timestamp to play from that moment. This transcript was generated automatically from the audio and may contain errors, including in speaker names. The audio is the record.

Encrypted Ambition

Never miss an episode

New conversations on cybersecurity, compliance and AI for business leaders. Follow the show, or talk to Petronella Technology Group about what you heard.