Did gambling operator Boyd Gaming pay ransom in cyberattack?

Core Points - Boyd Gaming Corp. has not disclosed whether it paid a ransom following a cyberattack on its internal IT systems [1][2] - The company operates 11 properties, including three in downtown Las Vegas, and reported the cyberattack in a filing with the SEC [2] - Boyd Gaming took immediate action by engaging external cybersecurity experts and cooperating with federal law enforcement [3] Cyberattack Context - In 2023, two notable cyberattacks targeted casino companies: Caesars Entertainment paid a $15 million ransom, while MGM Resorts did not and faced an estimated $100 million in costs due to system downtime [4] - Boyd Gaming does not anticipate any material costs resulting from the cyberattack [4] Financial Implications - The company believes the incident will not materially affect its financial condition or operational results [5] - Boyd maintains a comprehensive cybersecurity insurance policy that is expected to cover costs related to incident response, forensic investigations, business interruptions, legal actions, and regulatory fines, subject to policy limits and deductibles [5] Security Measures - MGM's attack involved social engineering tactics, but Boyd has not disclosed how the cybercriminals accessed its systems [6]