Exploit: Ransomware
SB Tech: Online Gambling Technology Provider
Risk to Small Business: 2.302 = Severe In an SEC filing made as part of a three-way merger including Diamond Eagle Acquisition Corporation last week, DraftKings noted that SB Tech had been hit with a ransomware attack in March 2020 that caused an approximate one-week outage its online sports and casino betting capability. It also caused online betting sites that used the platform to suffer service outages. As a result, DEAC renegotiated the merger to include a $30 million fund to fend off future litigation and costs associated with the attack.
Individual Risk: No Individual Risk
Customers Impacted: Unknown
How it Could Affect Your Customers’ Business: The results of a cyberattack aren’t just problematic immediately – they can affect future business transactions. While the attack did not stop this merger, it did add potential additional cost and could cause future partners to think twice.
Risk Levels:
1 - 1.5 = Extreme Risk
1.51 - 2.49 = Severe Risk
2.5 - 3 = Moderate Risk
*The risk score is calculated using a formula that considers a wide range of factors related to the assessed breach.
