Gambling company to set aside $30 million to deal with cyber-attack fallout
Catalin Cimpanu reports:
Online betting company SBTech will have to place $30 million in escrow as insurance for covering the fallout from a suspected ransomware infection.
The company agreed to do so as part of re-negotiated acquisition terms with Diamond Eagle Acquisition Corporation (DEAC), a blank-check company that acquired SBTech and rival platform DraftKings and is planning on merging the two later this year.
Read more on ZDNet.