The Federal Trade Commission’s dispute with MGM Resorts International over providing information about 2023’s costly cyberattack against the company may be coming to a resolution.
The FTC has told MGM it plans to withdraw its civil investigative demand regarding the incident that cost the company an estimated $100 million and crippled the company’s resort operations for nine days in September 2023.
In a two-paragraph letter Tuesday from FTC Chairman Andrew Ferguson to Brian Boyle, a member of MGM’s Washington-based legal team, the federal agency said it is withdrawing its demand, known as a CID.
A copy of the letter was provided to the Review-Journal by MGM.
The CID, issued Jan. 25, 2024, spurred a civil lawsuit by MGM against the FTC in April.
It’s unclear why the FTC reversed course on the CID.
This is a developing story. Check back for updates.
Contact Richard N. Velotta at rvelotta@reviewjournal.com or 702-477-3893. Follow @RickVelotta on X.
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