A recent analysis reveals how Scattered Spider’s persistent help desk exploitation cost Clorox $400 million. The analysis reveals Clorox’s operational disruption, and critical steps organizations must take to protect against similar social engineering threats. The cleaning products giant Clorox has sued its IT services partner, Cognizant, alleging that a devastating August 2023 ransomware attack that crippled production and cost the company $380 million in lost revenue was due to the firm’s ne
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JPMorgan Chase reported this past week that bank deals have a massive onslaught of hackers trying to commit system breaches on a daily basis. "There are people trying to hack into JPMorgan Chase 45 billion times a day," she said, calling those occurrences "2x what it was last year." Chase said the bank, which puts $15 billion toward cyber security and technology each year, has thwarted the daily efforts of such hackers.
These comments, at Davos 2024, coincidentally came in conjunction of an Al
Recently, it was announced that the Clorox company’s CISO has stepped down from her position. Her departure comes as the company is still recovering from a devastating cyberattack that paralyzed its order fulfillment facilities for more than a month, leading to a 20% decline in net revenue in the first quarter of the fiscal year.
The reasons behind her departure have not been publicly disclosed. Still, her decision to step down during such a critical time for Clorox's cybersecurity efforts has
Clorox (CLX) warned it is still dealing with the fallout from a recent cyberattack, saying the hack will have a significant effect on its current quarter results.
Key Takeaways:
- Clorox said a cyberattack last month will have a material impact on current quarter results.
- The hack damaged portions of the company's IT systems, and it switched to manual ordering and processing procedures.
- Because of the attack, Clorox said it couldn't give a fiscal year outlook.
- The attack, first discovered Aug. 14
Clorox announced a cybersecurity incident this week that forced it to take several systems offline. The company, which reported more than $7 billion in earnings in 2022 through its namesake cleaning product and several others like Pine Sol, Burt’s Bees and more, reported the incident in regulatory filings with the US Securities and Exchange Commission (SEC) on 14 August. “The Clorox Company has identified unauthorized activity on some of its Information Technology (IT) systems. After becoming
