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A tale of two hacking victims...Caesars$30 million ransomware demand.Negotiated it down to $15 million and paid.The hackers kept their promise, and Caesars suffered minimal downtime.MGMHacked by the same group a week later.They followed the FBI's advice and refused to pay the requested ransom (amount unknown).As a result, MGM suffered a $110 million loss during a 10-day shutdown.A bit of napkin math—assuming a similar-sized ransom could be negotiated: $15 million divided by CDK’s 30,000 dealerships comes out to $500 per dealership.And CDK just so happens to know some of the best negotiators in the world...car dealers
A tale of two hacking victims...
Caesars
$30 million ransomware demand.
Negotiated it down to $15 million and paid.
The hackers kept their promise, and Caesars suffered minimal downtime.
MGM
Hacked by the same group a week later.
They followed the FBI's advice and refused to pay the requested ransom (amount unknown).
As a result, MGM suffered a $110 million loss during a 10-day shutdown.
A bit of napkin math—assuming a similar-sized ransom could be negotiated: $15 million divided by CDK’s 30,000 dealerships comes out to $500 per dealership.
And CDK just so happens to know some of the best negotiators in the world...car dealers
