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Technology Stocks : DraftKings, Inc. / Online Gambling -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (6)	4/26/2020 5:38:35 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 282

Description of the SBTech breach (from the final prospectus): On Friday, March 27, 2020, SBTech detected what appeared to be an active ransomware attack on its network (the “cybersecurity incident”). SBTech immediately shut down its data centers. This interrupted the operation of the sports betting and iGaming services of SBTech's customers. As of the date of this proxy statement/prospectus, substantially all of SBTech's customers are again operating without interruption. SBTech has notified customers and relevant regulatory and law enforcement authorities of the incident. In addition, SBTech has engaged third-party cybersecurity experts to conduct an independent forensic investigation, which is ongoing, and to recommend an implementation of any required enhanced security measures. SBTech has advised that it has initiated enhanced security measures to improve the security of its network and that to the best of its knowledge it recovered all of its data. SBTech has further advised that at this initial stage of the forensic investigation there is no indication that any of its data, including its customer data, has been extracted or accessed. SBTech has further advised that it carries insurance, including cyber insurance, that may cover related expenses and losses, but the full scope of such expenses and losses and the impacts of the cybersecurity incident, including the amount of insurance available to offset some or all of such expenses and losses, have not been determined. SBTech is reviewing its cybersecurity procedures, which may result in an increase in cybersecurity protection costs, the amount of which has not been determined. On April 7, 2020, DraftKings, SBTech and DEAC amended the BCA to update certain indemnification provisions to account for the cybersecurity incident, as further described in “The Business Combination Agreement — Indemnification” beginning on page 108.