LAS VEGAS, Nev. (FOX5) – The Federal Trade Commission is accusing MGM Resorts International of not complying with an investigation into their September 2023 cyberattack.
In the petition, MGM argued that the FTC’s investigation was “burdensome” and that they are not subject to the safeguards rule or red flags rule.
According to the FTC, “the safeguards rule requires financial institutions to have measures in place to keep customer information secure.”
The red flags rule “requires many businesses and organizations to implement a written Identity Theft Prevention Program designed to detect the warning signs – or red flags – of identity theft in their day-to-day operations,” the FTC says.
FTC’s petition also mentions how MGM had two previous cyberattacks back in 2019 and 2022.
The FTC said they provided MGM a deadline to provide information into their cyberattack investigation by April 15 of this year.
The petition claims the casino giant has yet to provide any materials and has failed to comply with the ongoing investigation.
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