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Caesars Entertainment Paid Ransom After Cyberattack

Caesars Palace
  • Caesars Entertainment paid ransom to hackers in a cyberattack late this summer, according to people familiar with the matter.
  • The hackers demanded $30 million, and the company agreed to pay about half of that amount, according to a person familiar with the matter. Caesars is expected to report the cyberattack in a Securities and Exchange Commission filing on Wednesday.
  • Hackers used a social-engineering scheme, in which a person pretending to be an employee contacted the company IT help desk to have a password changed, according to people familiar with the matter.
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