MGM losing up to $8.4M a day due to cyberattack, analyist says
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MGM losing up to $8.4M a day due to cyberattack, analyist says
1–10 of 111 posts
Re: MGM losing up to $8.4M a day due to cyberattack, analyist says
#2I never like it when writers use the word "lose" to describe money not earned. Yeah, MGM is not earning as much as it could because of this attack. They are under pressure to settle with the attackers. Articles like this can increase that pressure. I'm glad that they aren't settling, and I'm certain that they will survive this attack.
Re: MGM losing up to $8.4M a day due to cyberattack, analyist says
#3Imagine being one of the guys in charge of cybersecurity of MGM. I would dig a hole and hide.
Re: MGM losing up to $8.4M a day due to cyberattack, analyist says
#4Imagine being one of the guys in charge of cybersecurity of MGM. I would dig a hole and hide.
I think those heads are on the chopping block no matter which hole they’re hiding in.
Re: MGM losing up to $8.4M a day due to cyberattack, analyist says
#5I never like it when writers use the word "lose" to describe money not earned. Yeah, MGM is not earning as much as it could because of this attack. They are under pressure to settle with the attackers. Articles like this can increase that pressure. I'm glad that they aren't settling, and I'm certain that they will survive this attack.
There's an implied "losing $X [in comparison to expected revenue]" every time they say it.
It's a reasonable perspective from accounting and, in my mind, a reasonable shorthand. For a more literal version of losing, people would be saying misplacing or stealing.
Re: MGM losing up to $8.4M a day due to cyberattack, analyist says
#6Imagine being one of the guys in charge of cybersecurity of MGM. I would dig a hole and hide.
Bold of you to assume there was one (before the incident) /s
Re: MGM losing up to $8.4M a day due to cyberattack, analyist says
#7I never like it when writers use the word "lose" to describe money not earned. Yeah, MGM is not earning as much as it could because of this attack. They are under pressure to settle with the attackers. Articles like this can increase that pressure. I'm glad that they aren't settling, and I'm certain that they will survive this attack.
Huh? Google says MGM Resorts opex for 2022 11.6B or 31M/day, net income 1.4B or 3.8M/day.
It doesn't seem unreasonable to say they are, in fact, losing 8.4M/day to opex.
Re: MGM losing up to $8.4M a day due to cyberattack, analyist says
#8I never like it when writers use the word "lose" to describe money not earned. Yeah, MGM is not earning as much as it could because of this attack. They are under pressure to settle with the attackers. Articles like this can increase that pressure. I'm glad that they aren't settling, and I'm certain that they will survive this attack.
Money not earned is equivalent to money lost in this case. It will affect their quarterly results the same way.
Re: MGM losing up to $8.4M a day due to cyberattack, analyist says
#9Imagine being one of the guys in charge of cybersecurity of MGM. I would dig a hole and hide.
I think those heads are on the chopping block no matter which hole they’re hiding in.
I'd say that responsible organizations know that a hack is inevitable and you evaluate based on the response, but I've heard from people who've worked at MGM in the past that the place is disgustingly cutthroat.
Re: MGM losing up to $8.4M a day due to cyberattack, analyist says
#10This 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.