The news: Dish Network’s unresolved outage caused by a ransomware attack last month wiped out $10 billion of its market capitalization, and its share price has fallen by more than 70%.
Why it’s worth watching: Dish Network is one of the largest satellite TV and wireless service providers in the US, but it’s failing to deal with fallout from a ransomware attack that hit its systems February 23.
What should Dish do? Dish, which is a player in highly competitive video and mobile segments, could see a user exodus whittle down its subscriber numbers unless it can figure out how to resolve its issues.
The problem: The longer Dish takes to resolve or at least disclose the extent of its ransomware attack, the more it risks losing users and profits as well as its brand reputation.
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