Gang Accused of MGM Hack Turns Its Sights on Finance Sector (1)

The hacking group accused of disrupting casinos and hotels at MGM Resorts International last year is engaged in a new campaign targeting banks and insurance companies, according to cybersecurity researchers.

The group, known as Scattered Spider, has targeted 29 companies since April 20 and successfully compromised the systems of at least two insurance companies, according to Resilience Cyber Insurance Solutions, a cybersecurity risk company whose researchers have been tracking the group’s activities online.

In the recent campaign, Scattered Spider targeted Visa Inc., PNC Financial Services Group Inc., Transamerica, New York Life Insurance Co. and Synchrony Financial, ...