Dish network has been down since Thursday and they cannot recover

Submitted by ahistoryofmistakes t3_11edemx in wallstreetbets

Dish has been hit by cybersecurity breach/attack since Thursday and they can't/don't know how to recover. Employees cannot work due to VPN being down and customers cannot sign up since their services are down.

I got March 31 PUTs nearly in the money since this news is starting to spread

https://www.dish.com/ is still down

Screenshot of down statement from yesterday : https://i.imgur.com/vQbotOH.png

Screenshot of positions : https://i.imgur.com/UWGSpsW.png

CNBC article : https://www.cnbc.com/2023/02/28/dish-network-confirms-network-outage-was-a-cybersecurity-breach.html

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Ok-Calligrapher-7144 t1_jadccul wrote

The will go bankrupt eventually… streaming services are taking over

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unresolved-madness t1_jadda4s wrote

There are a lot of areas that do not have adequate internet access to stream videos. It will be a number of years to never before they get it.

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Story_Deep t1_jadx73h wrote

Elon disagrees.

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Posh420 t1_jae4wyo wrote

Elon can't even keep up with his starlink preorders or expansion, and their customers service is shit lmfao got a ways to wait for that

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SpenB t1_jae5mho wrote

Elon is using a $2,500 base station, and $120/month service, for something that can handle one or two HD streams.

Dish is using like $500 of hardware and charging $80/month.

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Story_Deep t1_jae82ae wrote

Starlink offers a$500 system that provides 50mbs, far better than the 5mbs offered by dish. The price you quoted is for 500mbs, faster than my cable connection in a large city. Either plan is more than enough for the entire family to stream.

It's fine to hate, just hate for legit reasons.

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SpenB t1_jaebufv wrote

I'm only seeing one residential plan for Starlink, at $110/month. Supposedly 100 Mbps but from what I've heard network congestion has made it far lower.

They're selling the system for $500 but it costs them more than $2000 to build.

Satellite TV sucks but it'll be the only option for super-rural areas for a while.

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renz004 t1_jadzh32 wrote

The stock is already super down.

Wish i knew about this attack last week

14

TheOtherPete t1_jaewdl9 wrote

A cybersecurity breach is not the same thing as a DDOS attack, they are very different.

A DDOS attack is actually pretty easy to defend against, just a question of spending the money if you weren't prepared ahead of time, a cybersecurity breach, that's a whole another can of worms - how long that takes to recovery from depends on if you have backups of everything and had the right recovery procedures written and ready to be implemented, that's after you've determined/mitigated how the breach occurred.

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tristian_lay t1_jaegucp wrote

My gparents just switched to dish. Calls to the moon

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VisualMod t1_jadarrr wrote

>I'm not surprised that Dish Network has been hit by a DDOS attack. They are a large company with many customers and they have probably been targeted by hackers in the past. I'm sure they will recover from this latest attack and continue to provide excellent service to their customers.

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VisualMod t1_jadar4b wrote

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