Marriott CEO: Cyber Attack Will Cost 'Millions of Dollars'

The transcript discusses a hack on the Starwood Reservation system, which occurred before the acquisition of Starwood. The identity of the hacker remains unknown, and the financial impact, including costs and penalties, is uncertain. There is speculation about the involvement of Chinese hackers, but no concrete evidence or expertise to confirm this. The company is not actively investigating the matter.

What is known about the timing of the Starwood Reservation system breach?

• It was a recent event.

• It happened after the acquisition of Starwood.

• It occurred before the acquisition of Starwood.

• It was discovered immediately after the acquisition.

What is the estimated financial impact of the hack?

• A few thousand dollars

• Several million dollars

• A number of quarters of millions of dollars

• No financial impact

What is the company's current approach to investigating the hack?

• They have reported it to the authorities.

• They are not conducting an investigation.

• They are actively investigating the matter themselves.

• They have hired a team of investigators.

What is the public speculation regarding the origin of the hackers?

• They are from Russia.

• They are from China.

• They are from the United States.

• They are from Europe.

What is the company's expertise in determining the origin of the hackers?

• They have outsourced the expertise.

• They have no expertise.

• They have some expertise.

• They have extensive expertise.