MSG apologizes for Knicks ring phishing test

Madison Square Garden Sports apologized for using a promised Knicks championship ring as bait in a cybersecurity test, while saying more than 275 pieces of championship jewelry are planned for eligible members of the organization. The company said the jewelry, valued at more than $3.7 million, should reach recipients within four to six weeks of its October 24 statement. In late September, employees received an email offering a complimentary personalized ring and a choice of two designs. The message appeared to invite recipients to select their jewelry. Employees who clicked the link instead learned they had been caught in a phishing simulation and were required to take cybersecurity training, according to reporting based on the email and team sources. MSG said the exercise followed a real security breach involving stolen employee credentials. The company defended the cybersecurity training but acknowledged that using championship rings as the lure was an unfortunate mistake. It apologized to employees and fans. The company’s October 24 statement said more than 275 rings and other jewelry had always been intended for people in the organization who contributed to the previous...