Caesars reportedly paid ransom to hackers after cyberattack

Caesars Entertainment (CZR) paid a ransom after getting hit by a cyberattack, according to a report from The Wall Street Journal. According to the WSJ, the company paid approximately half of the original $30 million ransom demanded by a group of hackers targeting the Las Vegas strip. Caesers says this breach “will not have a material effect on its results.” The cyberattack has been attributed to the hacking group Scattered Spider, which also targeted MGM Resorts International (MGM). Yahoo Finance Live’s Brad Smith and Julie Hyman break down the details of this cybersecurity breach. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp Connect with Yahoo Finance: Get the latest news: https://yhoo.it/2fGu5Bb Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV