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Home News

Clorox Cyberattack Costs $49 Million

February 5, 2024
Reading Time: 2 mins read
in News
Clorox Cyberattack Costs $49 Million

Clorox, a prominent manufacturer of cleaning products, discloses staggering financial losses amounting to $49 million due to a cyberattack in September 2023. This attack, occurring on August 11th, severely disrupted Clorox’s operations, leading to decreased production and product availability. The company attributes the incurred expenses primarily to third-party consulting services for IT recovery and forensic investigation, alongside additional operating costs resulting from the business disruption.

Furthermore, Johnson Controls International reveals a similar incident, reporting $27 million in expenses following a ransomware attack in September 2023, which also resulted in a data breach. Though Clorox remains tight-lipped about specific details regarding the attack, reports suggest the involvement of the hacker collective known as Scattered Spider. Known for their social engineering tactics and ties to ransomware gangs, such incidents highlight the escalating cybersecurity threats faced by organizations and underscore the urgency for robust security measures to mitigate risks effectively.

 

Reference:
  • SECURITIES AND EXCHANGE COMMISSION
Tags: attackAugustCyber NewsCyber News 2024Cyber securityCybersecurityDesignFebruary 2024FinancialNewsTechnology
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