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MGM losing up to $8.4M a day due to cyberattack, analyist says

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Re: MGM losing up to $8.4M a day due to cyberattack, analyist says

#21

Post by JumpCrisscross »

bqmjjx0kac wrote: post #15
kube-system wrote: post #12

Earlier quoted context omitted.

It's a loss of income. This is a common use of the word.

Well, it's a loss of projected income, which in many ways is not real.

> it's a loss of projected income, which in many ways is not real

About as real as money.

Re: MGM losing up to $8.4M a day due to cyberattack, analyist says

#22

Post by [deleted] »

kube-system wrote: post #19
CamelCaseName wrote: post #17

Earlier quoted context omitted.

It's not even that, it's revenue. > MGM Resorts International could be losing between $4.2 million and $8.4 million in daily revenue

Revenue is a measure of income. Unless speaking about specific types of revenue or specific types of income, they are synonymous.

[deleted]

Re: MGM losing up to $8.4M a day due to cyberattack, analyist says

#23

Post by willis936 »

zephyrus76 wrote: post #10

This really feels like 1650's nautical piracy. Someone outside the reach of the law of the targeted country's merchants, making tons of money by theft and ransom. And like the pirates of old, often supported by the host nation so long as their attacks disrupt the activities of rivals nations' merchants.

Merchants provide a value to society and pirates harm that. The thieves are providing a value to society in this case by damaging casinos, which provide no value to society and only harm citizens.

Re: MGM losing up to $8.4M a day due to cyberattack, analyist says

#24

Post by jszymborski »

jiofj wrote: post #3

Imagine being one of the guys in charge of cybersecurity of MGM. I would dig a hole and hide.

The cybersecurity team will probably take the fall for it, but if I had to take a guess, their budget was probably no where near where it should be for a team that is responsible for protecting $8.4M of revenue a day.

Re: MGM losing up to $8.4M a day due to cyberattack, analyist says

#25

Post by readyplayernull »

zephyrus76 wrote: post #10

This really feels like 1650's nautical piracy. Someone outside the reach of the law of the targeted country's merchants, making tons of money by theft and ransom. And like the pirates of old, often supported by the host nation so long as their attacks disrupt the activities of rivals nations' merchants.

Will we see machineguns and hacker hanging cages installed in their buildings?

Re: MGM losing up to $8.4M a day due to cyberattack, analyist says

#26

Post by lainga »

zephyrus76 wrote: post #10

This really feels like 1650's nautical piracy. Someone outside the reach of the law of the targeted country's merchants, making tons of money by theft and ransom. And like the pirates of old, often supported by the host nation so long as their attacks disrupt the activities of rivals nations' merchants.

God damn them all, I was told / we'd abuse the C's for American gold...

Re: MGM losing up to $8.4M a day due to cyberattack, analyist says

#27

Post by insanitybit »

> Katz told investors in his Thursday and Sunday reports that damages from the cyberattack at MGM would be claimed against insurance, but it’s unclear just how much would be covered.

I'm curious to see how this plays out. After all, if MGM is audited and found to have been negligent, would insurance pay out at all?

Re: MGM losing up to $8.4M a day due to cyberattack, analyist says

#28

Post by Groxx »

bqmjjx0kac wrote: post #15
kube-system wrote: post #12

Earlier quoted context omitted.

It's a loss of income. This is a common use of the word.

Well, it's a loss of projected income, which in many ways is not real.

It's real enough that companies regularly borrow against it, which is about as real as anything is with money.

Re: MGM losing up to $8.4M a day due to cyberattack, analyist says

#30

Post by kube-system »

willis936 wrote: post #23
zephyrus76 wrote: post #10

This really feels like 1650's nautical piracy. Someone outside the reach of the law of the targeted country's merchants, making tons of money by theft and ransom. And like the pirates of old, often supported by the host nation so long as their attacks disrupt the activities of rivals nations' merchants.

Merchants provide a value to society and pirates harm that. The thieves are providing a value to society in this case by damaging casinos, which provide no value to society and only harm citizens.

Casinos provide leisure and entertainment. If what you're actually trying to say is that they are overall a net harm, then I'd point out that imperial mercantilism was also quite harmful to many people. At least MGM hasn't overthrown any countries.
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