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.

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