IGT Investigating Cyberattack That Disrupted Key Operations
Last year there were two incidents of high-profile gambling operators falling victim to cyberattacks, MGM Resorts and Caesars Entertainment. Now, another prominent company in the industry, International Game Technology (IGT), has been targeted.
LISTEN TO THIS ARTICLE:Cyberattack Temporarily Disrupted IGT Systems
On Tuesday, IGT disclosed in a filing with the US Securities and Exchange Commission (SEC) that it recently experienced a cybersecurity breach. According to the Form 6-K submitted to the SEC, the company identified the issue on November 17, 2024, when it became aware that an unauthorized party had accessed parts of its internal systems.
IGT confirmed that the breach caused some disruption and the company responded by launching an investigation and implementing its cybersecurity response plan, working alongside external advisors to address the situation.
On November 17, 2024, International Game Technology became aware that an unauthorized third party gained access to certain of its systems, and the Company has experienced disruptions in portions of its internal information technology systems and applications resulting from this cybersecurity incident. Promptly after detecting the issue, the Company activated its cybersecurity incident response plan and launched an investigation with the support of its external advisors to assess and remediate the unauthorized activity.
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IGT Takes Measures to Address the Cyberattack
While the investigation and recovery efforts are ongoing, IGT said it has proactively taken some systems offline as a precautionary measure.
To minimize disruption, IGT has been in close communication with its customers and stakeholders, implementing alternative solutions where possible. The company is focused on mitigating the breach’s impact and maintaining uninterrupted services for its global customer base. As of yet, IGT has not determined if the attack had a material effect on its operations.
Despite IGT’s swift response, the company saw its shares dip following the announcement. By the close of trading on Wednesday, its stock on the New York Stock Exchange (NYSE) had fallen to $18.75, a 9.90% decrease over the past five days.
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