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MGM said it is “well-positioned” to have a strong fourth quarter with record results in November, driven mainly by a Formula One racing event slated to take place in Las Vegas. (Reporting by Zeba Siddiqui in San Francisco and Shivansh Tiwary in Bengaluru; Editing by Shilpi Majumdar and Tom Hogue) The MGM data breach, which the FBI is investigating, is a vivid example of how large organizations remain vulnerable to cybercrime. Analysts who have tracked Scattered Spider say more and more organizations have been falling for the group’s skilled social engineering schemes.