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MGM Resorts International disclosed today that it is dealing with a cybersecurity issue that impacted some of its systems, including its main website, online reservations, and in-casino services, like ATMs, slot machines, and credit card machines.
“MGM Resorts recently identified a cybersecurity issue affecting some of the Company’s systems,” the company announced on its profile page on X (formerly known as Twitter).
It appears that the outage started on Sunday night and computer systems in the resorts are currently down.
Reports online note that the company switched to manual operations, with the ATMs and credit card machines on properties having been affected.
The nature of the cybersecurity incident has not been disclosed publicly, and the attacker’s purpose remains unknown.
The Federal Reserve, the central bank of the United States, is actively delving into the realm of Central Bank Digital Currencies (CBDCs) with an eye toward revolutionizing financial systems and improving accessibility to digital transactions. While proponents highlight the potential benefits of CBDCs, concerns regarding regulation, consumer protection, and the role of government have continued to emerge. Monica Eaton, founder and CEO of Chargebacks911, reviews the fundamentals and the current attitudes toward this theoretical paradigm shift in basic economics and commerce
Central banks play a vital role in a nation's economy. They control the money supply and interest rates, oversee commercial banks, and act as lenders of last resort. Central banks serve as a safety net for financial institutions during crises. They also aim to keep inflation in check and maintain stable currency values. Central banks strive to foster economic growth and stability by implementing monetary policies. They are tasked with regulating the economy, managing setbacks, and ensuring the smooth functioning of financial systems. The Federal Reserve Act of 1913 established the Federal Reserve System as the central bank in the United States
A central bank digital currency (CBDC) is a digital form of a country's currency issued and backed by the central bank. CBDCs offer secure and convenient means of conducting transactions, potentially streamlining payment systems, increasing financial inclusion, and enhancing security measures. Unlike cryptocurrencies such as Bitcoin, however, CBDCs are backed by the credibility and trust of the central bank, serving as a modernized representation of money in the digital age. They are designed to work in conjunction with physical cash and traditional bank deposits, providing an additional form of secure and convenient digital payment.
Central bankers are interested in CBDCs for several reasons:
Cash usage has declined, so central banks must reassess their role in the monetary system.
Privately issued digital assets, like cryptocurrencies, are gaining popularity and continue to challenge fiat currency.
Central banks want to be at the forefront of payment innovation and improve existing cash systems.
They want more control over global payment systems by implementing CBDCs as the anchor for local digital payment systems.
The government theorizes that a U.S. CBDC could offer convenience, added security, and increased liquidity while enabling faster payments, broadening access to financial services, and supporting further financial innovation.(
While the government has a critical role in ensuring the stability and integrity of the financial system, collaboration with private sector entities and leveraging domain experts is crucial to foster innovation and create efficient payment solutions," Eaton notes. "Striking a balance between regulation, innovation, and consumer protection is a complex task that requires careful consideration and stakeholder engagement. Finding this equilibrium will be essential for the successful adoption and implementation of CBDCs to positively impact the economy, promote financial inclusion, and benefit individuals and businesses."
Digital Public Infrastructure (DPI) is a mechanism for surveillance and control that combines digital ID, CBDC, vaccine passports, and carbon footprint tracking data, paving the way for 15-minute smart cities, future lockdowns, and systems of social credit.
On the surface, DPI might seem like something that could benefit the people greatly, and it certainly has the potential to do so.
However, that would require the people to have trust in governments, corporations, and unelected globalists working in lockstep to keep their best interests at heart.
Sold as a mechanism for financial inclusion, convenience, improved healthcare, and green progress, DPI is an all inclusive phrase applied to a looming technocratic governance over people and the “15-minute smart cities” in which they’ll live.
These “shared digital systems” include the desire to adopt Central Bank Digital Currencies (CBDCs) on a global scale, as well as establishing a “WHO-managed framework to build a comprehensive digital health ecosystem,” that will include vaccine passports, which were already championed by last year’s G20 Bali Leaders’ Declaration.
In fact, EU Commission President Ursula von der Leyen told the G20 that vaccine passports, aka “digital health certificates,” were one example of DPI in action.
The future is digital. I passed two messages to the G20:
→ We should establish a framework for safe, responsible AI, with a similar body as the IPCC for climate
→ Digital public infrastructures are an accelerator of growth. They must be trusted, interoperable & open to all
The #G20 reached a groundbreaking consensus on the role of digital public infrastructure as a critical accelerator of the Sustainable Development Goals. I'm optimistic about the potential of DPI to support a safer, healthier, and more just world. Kudos to PM @narendramodi.
This year’s G20 Leaders’ Declaration also rubber-stamped digital ID recommendations that emerged from last month’s B20 India Communique, which called for G20 nations to rollout Digital Public Infrastructure as a means to “promote the digitization of identities at the individual, enterprise, and farm levels that are both interoperable and recognized across borders.”
The World Bank has commended India's Digital Public Infrastructure (DPI) for its transformative impact, surpassing mere financial inclusion. This international financial institution has praised India's remarkable progress in just six years, a feat that would typically require nearly five decades to achieve. India's robust digital public goods infrastructure, exemplified by initiatives like UPI (Unified Payments Interface), Jan Dhan, Aadhar, ONDC, and CoWin, holds the potential to positively impact lives globally. The World Bank's G20 Global Partnership for Financial Inclusion (GPFI) document, prepared in anticipation of the G20 Summit in New Delhi, underscores the significant strides made by the Indian government and the crucial role of government policies and regulations in shaping the DPI landscape.
India's 🇮🇳 #CBDC pilot is currently underway with approx. 1.3 million of their citizens participating. We should have the result shortly.
India's Digital Rupee (e₹) on UPI
Made UPI Payment Today with CBDC
India is the Only Country Where Digital Rupee is Interoperable with UPI Ecosystem
Future of How India will Make Payments
Discrimination against cash in China.
Buy coffee with CBDC you only need to pay 21 digital yuan (3USD)
Buy coffee with cash you need to pay 32 yuan (4.6USD).
China.
No digital ID no food.
Facial recognition as digital ID required for getting SIM card, bank account, digital wallet, traveling by public transportation
...
Once you are blacklisted by Social Credit Systerm, you will be flagged as enemy of the State - no food for you!!
After complaints from low-income residents of the Philippines saying that some government offices and financial institutions have refused to accept their national IDs, the regional government agency in charge of the country’s digital identity project has warned that they may face fines.
The Philippine Statistics Authority (PSA) in the Western Visayas region reminded this week that the Philippine Identification System (PhilSys) Identification Card (PhilID) is a valid proof of identity, Panay News reports
Registration for the national digital ID includes biometrics enrollment
The Food and Drug Administration approved a new round of Covid boosters on Monday, that will arrive alongside the seasonal flu vaccine and shots to protect infants and older adults from R.S.V., a potentially lethal respiratory virus.
The Centers for Disease Control and Prevention is expected to follow up on Tuesday with an advisory meeting to discuss who should get the new shots, by Pfizer-BioNTech and Moderna. After a final decision by the C.D.C.’s director, millions of doses will be shipped to pharmacies, clinics and health systems nationwide within days.
The F.D.A. granted full approval for the new formulas for people who are 12 and older and authorized them to protect infants six months and older through age 11. The Pfizer shot was authorized in the European Union for ages 6 months and older on Aug. 31.
Covid vaccines are just rolling out in the United Kingdom this week, with the first doses going to the highest risk people in care homes, ages 65 and over as well as health and social care staff members.
One team reached the rooftop unseen and reported they could see at least 70 Guardsmen and a dozen FEMA agents roaming the streets and burglarizing private property the feds had unlawfully seized under laws governing eminent domain. The team leader then said he spotted an enemy kingpin, General Charles Flynn, Commander JTF 5-0, encircled by a throng of fawning junior officers. He told the platoon leader that he, armed with an M40 sniper rifle, could unerringly make the 600-yard shot.
“Negative. They want him alive. Looks like we’ll need backup on this one, too. Egress now,” the platoon leader replied.
It is confirmed through documented evidence that the FBI had advance knowledge of the 9/11 attacks and did nothing to prevent this from occurring. He goes on to say that It is very obvious that this whole thing has been orchestrated by the powers at be, at the highest level of our government and he wants the world to know about it.