A clear example of how a cyberattack can negatively affect the work of a corporation.
Household chemicals maker Clorox reported significant financial losses due to ongoing production interruptions caused by a cyberattack in August. The company also stated that it could not give exact dates for the resumption of full-fledged operation of its enterprises.
However, the company is confident that the threat is localized. Clorox plans to start restoring systems next week and gradually ramp up production.
In August, as a result of a cyberattack, the corporation, whose net profit in 2022 exceeded $7 billion, was forced to urgently disable a number of critical information systems and notify law enforcement agencies about the hack.
Now, according to the company, the attack still causes large-scale interruptions in the company's work. While the systems are still being restored, the company performs many operations "manually". As a result, the processing speed of orders has decreased, and fewer products are delivered to store shelves. Clorox shares were down about 1% in trading.
The Clorox incident comes amid cyberattacks on casinos in Las Vegas, MGM and Caesars. MGM Resorts also warned of a possible material impact on its financial operations. It's worth noting that Caesars Entertainment faced a class-action lawsuit the day after it claimed a massive leak. Clients demand that management be held accountable for disclosing confidential information.
Cyber attacks are becoming more widespread and can cause serious damage not only to the IT structure of companies, but also to their financial position and reputation. The events surrounding Clorox are a reminder for all organizations to strengthen their cybersecurity measures and prepare for possible attacks.
Household chemicals maker Clorox reported significant financial losses due to ongoing production interruptions caused by a cyberattack in August. The company also stated that it could not give exact dates for the resumption of full-fledged operation of its enterprises.
However, the company is confident that the threat is localized. Clorox plans to start restoring systems next week and gradually ramp up production.
In August, as a result of a cyberattack, the corporation, whose net profit in 2022 exceeded $7 billion, was forced to urgently disable a number of critical information systems and notify law enforcement agencies about the hack.
Now, according to the company, the attack still causes large-scale interruptions in the company's work. While the systems are still being restored, the company performs many operations "manually". As a result, the processing speed of orders has decreased, and fewer products are delivered to store shelves. Clorox shares were down about 1% in trading.
The Clorox incident comes amid cyberattacks on casinos in Las Vegas, MGM and Caesars. MGM Resorts also warned of a possible material impact on its financial operations. It's worth noting that Caesars Entertainment faced a class-action lawsuit the day after it claimed a massive leak. Clients demand that management be held accountable for disclosing confidential information.
Cyber attacks are becoming more widespread and can cause serious damage not only to the IT structure of companies, but also to their financial position and reputation. The events surrounding Clorox are a reminder for all organizations to strengthen their cybersecurity measures and prepare for possible attacks.
