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 hacking incident related to the Starwood Reservation system?

What is the estimated financial impact of the hack on the company?

What are the speculations regarding the identity of the hackers?

What challenges does the company face in determining the cause of the hack?

What steps is the company taking to investigate the hacking incident?