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Several security analysts have drawn attention to Scattered Spider over the past year for its social engineering tactics. It is known to target an organization's information security system by reaching out to the company by phone, pretending to be an employee needing their password reset.

"Indications from MGM confirming the cyberattacks should be taken as one-time, largely insurable events that should not have long-lasting impacts on the businesses," brokerage Jefferies said in a note last week. (Reporting by Priyamvada C in Bengaluru; Editing by Pooja Desai)

The company, which operates over 30 hotel and gaming venues around the world including in Macau and Las Vegas, online Casino was targeted by a hacking group named Scattered Spider, casino Bonus Reuters reported, citing two sources familiar with the matter.